Exercise $10-10.$ Budget Variances, Materials and Labour OBJECTTVE $4$

$5$

CPA $3\mathrm{.}2\mathrm{.}1$;$3\mathrm{.}2\mathrm{.}3$;$3\mathrm{.}6\mathrm{.}3$

Mahn Corporation produces high$-$quality leather belts. The company uses a standard cost system and has set the following standards for materials and labour:

$\backslash$table$[[$Leather $(3$ strips @ $$4),$$$12\mathrm{.}00$