For each of the following two jobs manufacturing two different products, determine the missing amounts for items
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For each of the following two jobs manufacturing two different products, determine the missing amounts for items (a) through(h):
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Jов 321 ITEM Jов 322 Units produced 200 (e) Standards per unit: Material quantity Material price (f) 5 pounds $2 per pound $3 per pound Labor hours 2 hours 3 hours Labor rate $15 per hour $12 per hour Actual consumption: 1,000 pounds Material quantity (a) $2,000 Material cost (g) Labor hours (b) (h) Labor cost $5,800 (c) Variance: Material quantity (d) $100 F $50 U Material price Labor efficiency $500 F $60 U $100 F Labor rate $60 U $200 F
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a AP SP AQ 50 AP AQ SP AQ 50 2000 2 AQ 50 AQ 975 pounds b AH SH SR 100 AH 1...View the full answer
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Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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