Question
B. What are some possible causes for this combination of favorable and unfavorable variances Inc. has the follow'ng information available: Actual price paid for material
B. What are some possible causes for this combination of favorable and unfavorable variances
Inc. has the follow'ng information available: Actual price paid for material Standard price for material Actual quantity purchased and used In production Standard quantity for units produced Actual labor rate per hour Sundard rate per hour Actual hours Standard hours for units produced $1.00 $0.80 A. Compute the material price and quantity, and the rate and efficiency variances. Enter all amounts as positive numbers. Material price variance Material quantity hance Labor rate variance Labor efficiency variance B. What are some possible causes for this combination of favorable and unfavorable variances?
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