Standard Process Costs Refer to the preceding problem. Assume standard costs per finished unit as follows: Direct
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Standard Process Costs Refer to the preceding problem. Assume standard costs per finished unit as follows: Direct materials, $8.50; Conversion costs, $10.00.
1. Compute standard costs of goods transferred and still in process.
2. Give the total variances for current performance on direct materials and conversion costs. l-01
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