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Answer and explanation please. Kopecky Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct
Answer and explanation please.
Kopecky Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6 kg at $3.70 per kilogram) Direct labour (2.00 hours at $12.90 per hour) $22.20 $25.80 During the month of April, the company manufactures 340 units and incurs the following actual costs: Direct materials purchased and used (2,240 kg) Direct labour (650 hours) $8,736 $8,125 Calculate the total, price, and quantity variances for materials and labour. Materials Labour Price variance variance $ Quantity variance $ Total variance $Step by Step Solution
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