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Correctly fill in the blanks with the correct answers Acoma, Incorporated, has determined a standard direct materials cost per unit of $7.80 ( 2 feet
Correctly fill in the blanks with the correct answers Acoma, Incorporated, has determined a standard direct materials cost per unit of $7.80 ( 2 feet $3.90 per foot). Last month, Acoma purchased and used 4,510 feet of direct materials, for which it poid $17,138. The company produced and sold 2,060 units during the month. Required: Calculate the direct materiais price, quantity, and spending variances. Note: Indicate the effect of each variance by selecting " F " for favorable, " U " for unfavorable, and "None" for no effect (i.e, zero variance). Round your intermediate calculations to 2 decimal places. Beverly Company has determined a standard variable overhead rate of $2.60 per direct labor hour and expects to incur 0.50 labor hours per unit produced. Last month, Beverly incurred 1,000 actual direct labor hours in the production of 2,100 units. The company has also determined that its actual variable overhead rate is $2,40 per direct labor hour. Required: Calculate the variable overhead rate and efficiency variances as well as the total amount of over-or underapplied variable overhead. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)
Correctly fill in the blanks with the correct answers
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