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10. Istanbul company, developed standard costs for direct material and direct labor. In 2021, Ahmet estimated the following standard costs for one their major products.
10. Istanbul company, developed standard costs for direct material and direct labor. In 2021, Ahmet estimated the following standard costs for one their major products. Budgeted quantity Budgeted price $50 per pound $11 per pound Direct materials 0.40 pounds Direct labor 0.50 hours. During June, Istanbul produced and sold 4,000 products using 1,750 pounds of direct materials at an average cost pound of $48 and 2,090 direct manufacturing labor hours at an average wage of $11.30 per hour. The direct material manufacturing labor efficiency variance during June is A. $627.00 favorable B. $1,617.00 favorable C. $990.00 unfavorable D. $900.00 unfavorable 
10. Istanbul company, developed standard costs for direct material and direct labor. In 2021, Ahmet estimated the following standard costs for one their major products. Budgeted quantity Budgeted price During June, Istanbul produced and sold 4,000 products using 1,750 pounds of direct materials at an average cost pound of $48 and 2,090 direct manufacturing labor hours at an average wage of $11.30 per hour. The direct material manufacturing labor efficiency variance during June is A. $627.00 favorable B. $1,617.00 favorable C. $990.00 unfavorable D. $900.00 unfavorable
10. Istanbul company, developed standard costs for direct material and direct labor. In 2021, Ahmet estimated the following standard costs for one their major products. Budgeted quantity Budgeted price $50 per pound $11 per pound Direct materials 0.40 pounds Direct labor 0.50 hours. During June, Istanbul produced and sold 4,000 products using 1,750 pounds of direct materials at an average cost pound of $48 and 2,090 direct manufacturing labor hours at an average wage of $11.30 per hour. The direct material manufacturing labor efficiency variance during June is A. $627.00 favorable B. $1,617.00 favorable C. $990.00 unfavorable D. $900.00 unfavorable
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Auditing And Assurance Services
Authors: Alvin Arens, Randal J. Elder
14th Global Edition
0273755013, 978-0273755012
