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Calculate material, labor, and overhead variances and analyze the results. Item Amount Direct materials standard cost per unit $40/unit Direct labor standard cost per unit
Calculate material, labor, and overhead variances and analyze the results.
Item | Amount |
Direct materials standard cost per unit | $40/unit |
Direct labor standard cost per unit | $30/unit |
Variable overhead standard cost per unit | $15/unit |
Fixed overhead | $80,000 |
Actual production | 5,000 units |
Actual costs | $300,000 |
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