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DUE IN 20 MINS PLEASE HELP!! A company has the following standard cost for its product: Direct material Direct labor Standard Quantity 1.2 0.8 Standard
DUE IN 20 MINS PLEASE HELP!!
A company has the following standard cost for its product: Direct material Direct labor Standard Quantity 1.2 0.8 Standard Price $ 1.50 $12.ee In one month, the company manufactured 980 units Direct material Direct labor Actual used 1,500 11.040 Actual cost $1,950 $11.960 Required: Calculate the variances. (For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance).) 1. Direct materials price variance 2 Direct materials quantity variance 3. Total direct materials spending variance Step by Step Solution
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