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Kindly provide all 12 blanks answer for the following question,again all 12 blanks thank you. Variance Analysis Problem Avatar, Inc, has prepared the following standard
Kindly provide all 12 blanks answer for the following question,again all 12 blanks thank you.
Variance Analysis Problem Avatar, Inc, has prepared the following standard cost sheet for one unit of the product. \begin{tabular}{|l|l|} \hline Direct materials ( 5 pounds at $3 per pound) & $15.00 \\ \hline Direct labor ( 2 bours at $13.00 per hour) & $26.00 \end{tabular} During the month of November, the company manufictures 450 units and incurs the following actual costs. \begin{tabular}{|l|c|} \hline Direct materials purchased and used (2,000 pounds ) & $8,000 \\ \hline Direct labor ( 1,000 hours) & $12,000 \\ \hline \end{tabular} 1. Compute the total, price, and quantity variances for materials Step by Step Solution
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