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Kolb Company prepared its income statements for the current year using three alternative cost systems as follows: Sales Revenue Company A 200,000 Company B 200,000

Kolb Company prepared its income statements for the current year using three alternative cost systems as follows: Sales Revenue Company A 200,000 Company B 200,000 Company C 200,000 Cost of Good Sold A 66,00 B 80,000 Company C 86,000 134,000 B 120,000 Company C 114,000 Variances Direct Materials Company A - Company B (4000)Company C - Direct Labor Company A - Company B (2000)Company C- Factor OverheadCompany A_Company B (10000)Company(10000) Gross Margain Co A 134000 Co(B) 104,000 Co(c) 104000 Other Expenses Co(A)110,000 C(B) 80,000 C (C) 80,000 Operating Income Co(A)24,000 Co(B) 24,000 Co (c) 24,000 Required g. How did actual direct material cost compare with planned direct material cost

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