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Heye Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on
Heye Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct laborhours.InputsDirect materialsDirect laborVariable manufacturing overheadStandard Quantity orStandard Price or RateHours per Unit of Output grams hours hoursThe company has reported the following actual results for the product for August:$ per gram$ per hour$ per hourActual outputRaw materials purchasedActual price of raw materialsRaw materials used in productionActual direct laborhoursActual direct labor rateActual variable overhead rate units grams$ per gran grama hours pez hour$ per hourCompute the materials price variance for August.Compute the labor efficiency variance for August.Compute the variable overhead rate variance for August.Compute the materials quantity variance for August.Compute the labor rate variance for August.Compute the variable overhead efficiency variance for August.
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