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Hi Hi! Please show your work and If answer is correct, I will give a thumbs-up guaranteed! Thank you soooo much! Your help is greatly
Hi Hi! Please show your work and If answer is correct, I will give a thumbs-up guaranteed! Thank you soooo much! Your help is greatly appreciated!
The following dirsct materials and dirsct labor data pertain to the operations of lvanhoe Company for the manth of August. Compute the total, price, and cuantity variances for materialsand labor. Maria Company has gathered the following information about its product. Direct moterials: Each unit of product contains 3.4 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.6 pounds. Materials cost $2 per pound, but Maria always takes the 5% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct lobor. Each unit requires 2.8 hours of labor. Setup, cleanup, and downtime average 0.1 hours per unit. The average hourly pay rate of Maria's employees is $13.1. Payroll taxes and fringe benefits are an additional $3.0 per hour. Monufacturing overhead. Overhead is applied at a rate of $5.9 per direct labor hour. Compute Maria's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $Step by Step Solution
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