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HI, how to solve this question please? basis of standard direct manufacturing labour-hours (DMLH). At the beginning of 2022, Barrett adopted the following standards for
HI, how to solve this question please?
basis of standard direct manufacturing labour-hours (DMLH). At the beginning of 2022, Barrett adopted the following standards for its manufacturing costs: (Click the icon to view the standards. (Click the icon to view the records for January.) Standards Records for January Requirement 2. For the month of January 2022, compute the variances, indicating whether each is favourable (F) or unfavourable (U). Before computing the variances, complete the tables below. Begin by completing the table for direct materials. a. Direct materials rate variance, based on purchases, is $ b. The direct materials efficiency variance is $ Nnw romnlete the tahle fnr dirert lahnour Requirement 2. For the month of January 2022, compute the variances, indicating whether each is favourable (F) or unfavourable (U). Before computing the variances, complete the tables below. Begin by completing the table for direct materials. Actual Input Quantity a. Direct materials rate variance, based on purchases, is $ b. The direct materials efficiency variance is? Now, complete the table for direct labour. c. The direct manufacturing labour rate variance is $ d. The direct manufacturing labour efficiency variance is $ Next, complete the table for variable overhead. Finally, complete the table for fixed overhead. e. The total manufacturing overhead rate variance is $ f. The VMOH efficiency variance is $ g. The production-volume variance is $Step by Step Solution
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