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Kappa Ltd. provided the following information regarding its production costs for the month: Actual direct materials cost: $25,000 Standard direct materials cost: $20,000 Actual direct
Kappa Ltd. provided the following information regarding its production costs for the month:
- Actual direct materials cost: $25,000
- Standard direct materials cost: $20,000
- Actual direct labor cost: $35,000
- Standard direct labor cost: $30,000
Calculate the direct materials price variance, direct materials quantity variance, direct labor rate variance, and direct labor efficiency variance for Kappa Ltd.
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