Refer to the information in Exercises 16-34 and 16-35. During the year, the company purchased 176,000 pounds

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Refer to the information in Exercises 16-34 and 16-35. During the year, the company purchased 176,000 pounds of material and employed 40,400 hours of direct labor.


Required
a. Compute the direct material price and efficiency variances.
b. Compute the direct labor price and efficiency variances.
c. Compute the variable overhead price and efficiency variances.


Exercise 16-34

(2 pounds @ $4) (0.5 hours @ $24) Direct materials $8 Direct labor 12 co N

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Fundamentals of Cost Accounting

ISBN: 978-1259969478

6th edition

Authors: William N. Lanen, Shannon Anderson, Michael W Maher

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