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Cheyenne Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials ( 6 pounds
Cheyenne Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials pounds at $ per pound $
Direct labor hours at $ per hour $
During the month of April, the company manufactures units and incurs the following actual costs.
Direct materials purchased and used pounds $
Direct labor hours $
Compute the total, price, and quantity variances for materials and labor. Identify whether each variance is favorable or unfavorable.
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