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1 The Galatic Empire Company had the following budget for the construction of the New and Improved Death Star materials 1,000,000 square yards at a

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1 The Galatic Empire Company had the following budget for the construction of the "New and Improved Death Star" materials 1,000,000 square yards at a cost of $6.50 per square yard Direct Labor: 200,000 hours at a cost of $12.50 per labor hour Variable overhead: $1.50 per direct labor hour Fixed overhead $800,000 Total expected cost $10,100,000 9 Now that the "New and Improved Death Star" is completed, the CEO, Sir Vadar noticed it cost $10,764,320 Upon examinatinon Vadar found the following: Materials spent $6,600,000 acquiring 1,100,000 square yards Direct labor: spent $2,983,200 using 271,200 labor hours Variable overhead: spent $366120 fixed overhead $815,000 REQUIRED; A) DETERMINE THE MATERIAL QUANTITY VARIANCE B) DETERMINE THE MATERIAL PRICE VARIANCE C) DETERMINE THE DIRECT LABOR RATE VARIANCE: D) DETERMINE THE DIRECT MATERIAL EFFECIENCY VARIANCE E) DETERMINE THE VARIABLE OVERHEAD SPENDING VARIANCE F) DETERMINE THE VARIABLE OVERHEAD EFFECIENCY VARIANCE G) DETERMINE THE TOTAL FIXED OVERHEAD VARIANCE

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