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i want to know if this is correct The following data were taken from the records of Griggs Company for December: Administrative expenses Cost of
i want to know if this is correct
The following data were taken from the records of Griggs Company for December: Administrative expenses Cost of goods sold (at standard) Direct materials price variance-unfavorable Direct materials quantity variance-favorable Direct labor rate variance-favorable Direct labor time variance-unfavorable Variable factory overhead controllable variance-favorable Fixed factory overhead volume variance-unfavorable Interest expense Sales Selling expenses $110,500 564,000 1,750 580 1,245 520 220 3,160 2,850 874,000 126,500 \begin{tabular}{r|r|r|} \hline & $874,000 \\ & 564,000 \\ \hline & $310,000 \\ \hline & $ & \\ \hline(1,245) & 1,750 & \\ \hline & & \\ \hline & 520 & \\ \hline \end{tabular} Step by Step Solution
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