You are provided with the following information. Inputs Standard
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Question:
You are provided with the following information.
Inputs Standard Quantity Standard Price
Direct materials pounds $ per pound
Direct labor hours $ per hour
Variable manufacturing overhead hours $ per hour
Actual results:
Actual output units
Actual variable manufacturing overhead cost $
Actual Quantity Actual Price
Actual direct materials cost pounds $ per pound
Actual direct labor cost hours $ per hour
Required:
Use the information above to calculate the variances.
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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