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Actual quantity Standard quantityActual price Standard price Direct labor efficiency variance Direct labor rate variance Direct materials price variance Direct materials quantity variance Direct materials
- Actual quantity
- Standard quantityActual price
- Standard price
- Direct labor efficiency variance
- Direct labor rate variance
- Direct materials price variance
- Direct materials quantity variance
- Direct materials variance
- Total variable overhead cost variance
- Variable overhead efficiency variance
- Variable overhead spending variance
- Volume variance
Antuan Company set the following standard costs per unit for its product. The standard overhead rate ( $18.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. The company incurred the following actual costs when it operated at 75% of capacity in October. 2. Compute the direct materials variance, including its price and quantity variances. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance
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