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In December, Donna Levinson, president of Levinson Inc., received the following information from Danny Sweeten, the new controller, in regard to November production of travel
In December, Donna Levinson, president of Levinson Inc., received the following information from Danny Sweeten, the new controller, in regard to November production of travel bags: Levinson asked Sweeten to provide the following information: Standard quantity' of material allowed for November production Standard direct labor hours allowed for November production Material price variance Labor efficiency variance Standard prime (direct material and direct labor) cost to produce one travel bag Actual cost to product one travel bag in November
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