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Consider the following: Data table Requirements 1. Compute the actual hours worked, rounded to the nearest hour. 2. Compute the actual purchase price per unit
Consider the following:
Data table Requirements 1. Compute the actual hours worked, rounded to the nearest hour. 2. Compute the actual purchase price per unit of materials, rounded to the nearest penny. For each requirement, show your computations by first selecting the formula to compute the amount then entering the amounts in the formula and solving for your answer. (Enter all amounts as positive numbers. Abbreviations used: Act. = Actual; DL = Direct labor; F = Favorable; Qty. = Quantity; PPV = Purchase price variance; Prod. = Production; Std. = Standard; U = Unfavorable.) Requirement 1. Compute the actual hours worked, rounded to the nearest hour. Requirement 2. Compute the actual purchase price per unit of materials, rounded to the nearest penny. (1()=Act.priceperunit1)=Step by Step Solution
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