Kenny's production Ltd operates a standard costing system, such provides the company with cost information that is
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Question:
Kenny's production Ltd operates a standard costing system, such provides the company with cost information that is vital to its budget preparation each period. the company produces and sells a single product. at the end of October 2020 , the following information was extracted from the company's records:
Direct raw materials 2 litres at $150 each $300 direct labour 1.5 hours at $140 each $210 Total $510
A) calculate the direct raw materials price variance b) calculate the direct raw material usage variance for the month c) calculate the direct raw material total variance d) calculate the direct labor rate variance e) calculate the direct labor efficiency variance f) calculate the direct labor total variance
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