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Amber Company produces iron table and chair sets. During October, Ambers costs were as follows: Actual purchase price Actual direct labor rate Standard purchase price
Amber Company produces iron table and chair sets. During October, Ambers costs were as follows:
Actual purchase price Actual direct labor rate Standard purchase price Standard quantity for sets produced Standard direct labor hours allowed Actual quantity purchased in October Actual direct labor hours Actual quantity used in October Direct labor rate variance $ 2.30 per lb. $7.50 per hour $2.10 per lb. 970,000 lbs. 11,000 1,115,000 lbs. 10,000 1,000,000 lbs. $5,500 FStep by Step Solution
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