Question
General Electric Company budgeted to produce 10,000 units at a standard cost of $30 per unit. Actual production was 12,000 units, and the total cost
General Electric Company budgeted to produce 10,000 units at a standard cost of $30 per unit. Actual production was 12,000 units, and the total cost was $400,000. Calculate the direct labor efficiency variance and direct materials price variance.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
