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answer all parts of the question please Basket Corp, produces and sells a single product. Standards have been established for the product as follows: Direct
answer all parts of the question please
Basket Corp, produces and sells a single product. Standards have been established for the product as follows: Direct Materials per unit 8 pounds @ Direct Labor per unit Actual cost and usage figures for the past month follow: Units produced Direct materials used Direct materials purchased Cost of direct materials purchased Direct labor employed Cost of direct labor employed Required: Compute the variances for the following 1. The labor rate variance 2. The labor efficiency variance 3 hours @ 800 4,200 pounds 4,600 pounds $ 15,400 2,000 hours $ 11,200 S $ 4.00 per pound 13.00 per hour Basket Corp, produces and sells a single product. Standards have been established for the product as follows: Direct Materials per unit 8 pounds @ Direct Labor per unit Actual cost and usage figures for the past month follow: Units produced Direct materials used Direct materials purchased Cost of direct materials purchased Direct labor employed Cost of direct labor employed Required: Compute the variances for the following 1. The labor rate variance 2. The labor efficiency variance 3 hours @ 800 4,200 pounds 4,600 pounds $ 15,400 2,000 hours $ 11,200 S $ 4.00 per pound 13.00 per hour Step by Step Solution
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