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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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