General Motors produces automobiles using process costing. In January 2035, the company incurs $10,000,000 in direct materials,
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Question:
- General Motors produces automobiles using process costing. In January 2035, the company incurs $10,000,000 in direct materials, $6,000,000 in direct labor, and $4,000,000 in factory overhead. The production results in 10,000 cars.
Required:
- Calculate the cost per car using standard costing.
- Analyze the variance between standard costs and actual costs.
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