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Ford performs variance analysis with standard cost $55/unit, actual cost $60/unit, standard output 50,000 units, actual output 48,000 units. Requirements: Calculate the total cost variance.
- Ford performs variance analysis with standard cost $55/unit, actual cost $60/unit, standard output 50,000 units, actual output 48,000 units.
- Requirements:
- Calculate the total cost variance.
- Determine the components of the variance (price, quantity).
- Prepare a variance analysis report.
- Recommend strategies to control manufacturing costs.
- Requirements:
- Calculate the total cost variance.
- Determine the components of the variance (price, quantity).
- Prepare a variance analysis report.
- Recommend strategies to control manufacturing costs.
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