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answer the question Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 2.0 grans
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Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 2.0 grans 57.00 per gran Direct labor 0.7 hours $ 15.00 per hour Variable overhead 0.7 hours $ 5.00 per hour The company produced 4,500 units in January using 10,130 grams of direct material and 2.110 direct labor hours. During the month, the company purchased 10,700 grams of the direct material at $10 per gram. The actual direct labor rate was $15.50 per hour and the actual variable overhead rate was $5.00 per hour The company applies variable overhead on the basis of alrect labor-hours. The direct materiais purchases variance is computed when the materials are purchased The materials quantity variance for January is The materials quantity variance for January is: Multiple Choice $7,910 F O $8,023 U O $7,910 U $8,023 F Step by Step Solution
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