varianees under variable and full eosting This is a continuation of the saga in Ralph's Job, problem 7 in Chapter 7 and problem 9 in Chapter 6. Suppose the average wage rate for direct labor tumed out to be 20 per hour, and direct material tume d out to cost 12.5 per unit. Calculate all manufacturing cost varianees, assuming standard full costing is employed. Comment on any pattems in the varianees.

Repeat for the case where standard varlable costing is employed.

AppendixLO1