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I don't understand this question. Please help? Vaughn Corporation accumulates the following data relative to jobs started and finished during the month of June 2022.
I don't understand this question. Please help?
Vaughn Corporation accumulates the following data relative to jobs started and finished during the month of June 2022. Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor houn The jobs were sold for $458,000. Selling and administrative expenses were \$42,000. Assume that the amount of raw materials purchased equaled the amount used. (a) Compute all of the variances for (1) direct materials and (2) direct Labor. (Round per unit values to 2 decimal places, eg. 52.75 and finat answers to 0 decimal places, es. 52.) Compute all of the variances for (1) direct materials and (2) direct labor. (Round per unit values to 2 decimal places, es. 52.75 and Step by Step Solution
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