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Cinturon Corporation produces high-quality leether belts. The company's plant in Bolse uses a standord costing system and has sat the following standards for materiais and
Cinturon Corporation produces high-quality leether belts. The company's plant in Bolse uses a standord costing system and has sat the following standards for materiais and labor During the first month of the year, the Bolse plant produced 92,000 beite. Actual leother purchated was 209,500 strips at s3, 30 per atrip. There were no beginhing or ending inventories of leather. Actual direct labor was 70,300 hours at 513.50 per boun. Required: 1. Break down the total variance for materlais into a price variance and a usage variance using the co umnar and formula approaches. Enter faverabia valuer at negaber numbera and unfavorable values as positive numbers
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