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A manufactured product has the following information for June. B Standard Actual Direct materials 7 lbs. Direct labor Overhead 3 hrs. 3 hrs. $8
A manufactured product has the following information for June. B Standard Actual Direct materials 7 lbs. Direct labor Overhead 3 hrs. 3 hrs. $8 per lb. $16 per hr. $11 per hr. 51,000 lbs. @ $8.10 per lb. 21,200 hrs. @ $16.60 per hr. $243,800 Units manufactured 7,200 28 Compute the direct materials price variance and the direct materials quantity variance. (Indicate the effect of ea selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places.) AQ Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price
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Core concepts of accounting information systems
Authors: Jacob M. Rose, Mark G. Simkin, Carolyn Strand Norman
13th edition
978-1-119-0332, 1118742931, 978-1118742938
