Item Actual Cost ($) Standard Cost ($) Direct Materials 80,000 70,000 Direct Labor 60,000 50,000 Variable Overhead
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Question:
Item | Actual Cost ($) | Standard Cost ($) |
Direct Materials | 80,000 | 70,000 |
Direct Labor | 60,000 | 50,000 |
Variable Overhead | 45,000 | 40,000 |
Fixed Overhead | 35,000 | 30,000 |
Compute the total variance.
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