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A company uses the following standard costs to produce a single unit of output Direct materials. Direct labor 7 pounds at $0.60 per pound. $4.20
A company uses the following standard costs to produce a single unit of output Direct materials. Direct labor 7 pounds at $0.60 per pound. $4.20 Manufacturing overhead 0.50 hour at $9.00 per hour 0.50 hour at $3.60 per hour $ 4.50 $1.80 Help Save & Exit During the latest month, the company purchased and used 66,000 pounds of direct materials at a price of $0.90 per pound to produce 10,000 units of output Direct labor costs for the month totaled $41,934 based on 4,820 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $17,000. Based on this information, the direct materials quantity variance for the month was Multiple Choice $19,800 unfavorable $19.800 favorable $3,000 favorable $2400 favorable $2,400 unfavorable Prev 2 of 10 Next >
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