ABC Manufacturing's standard cost card for one unit of product includes: Direct materials $200, Direct labor (35
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Question:
ABC Manufacturing's standard cost card for one unit of product includes: Direct materials $200, Direct labor (35 hours at $25 per hour), and Factory overhead (based on direct labor hours, 35 hours per unit). During May, the company produced 30,000 units, and actual costs were: Direct materials $6,200,000, Direct labor $9,000,000, and Factory overhead $10,800,000. Calculate the total variance and break it down into material, labor, and overhead variances.
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