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I got -3100 so I was wondering what I did wrong. Preview File Edit View Go Tools Window Help 24% 4) Tue 8:32 PM a
I got -3100 so I was wondering what I did wrong.
Preview File Edit View Go Tools Window Help 24% 4) Tue 8:32 PM a Screen Shot 2020-06-16 at 8.31.55 PM Edited Q Search Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 2.0 ounces 0.8 hours 0.8 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $14.00 $10.40 $ 4.40 Standard Price or Rate $ 7.00 per ounce $ 13.00 per hour $ 5.50 per hour The company reported the following results concerning this product in February. Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 7,200 units 7,000 units 10,800 ounces 5,800 hours 12,400 ounces $ 6.75 per ounce $ 14.40 per hour $ 5.90 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Multiple Choice $25,100 U $25,100F $3,100F $3,100 UStep by Step Solution
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