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HELP PLEASE!! ASAP!!! Willow Inc. has provided the following information: Per unit Standards: Direct 10 lb $2.70/lb 27.00 materials 2 hours 31.00 $15.50/hour Direct labor
HELP PLEASE!! ASAP!!!
Willow Inc. has provided the following information: Per unit Standards: Direct 10 lb $2.70/lb 27.00 materials 2 hours 31.00 $15.50/hour Direct labor Variable 2 hours $9/hour 18.00 overhead Fixed 20.00 overhead Total 96.00 Budgeted production 7,100 units Actual results 195,115 Materials 72,850 lbs 14,000 actual 208,235 Direct labor hours 132,450 Variable overhead 139,500 Fixed overhead Units 7,400 units produced a. Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting Favorable Unfavorable or "None" for no effect (i.e., zero variance).) Price VarianceStep by Step Solution
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