Kopecky Inc, which produces a single product, has prepared the following standard cost sheet for one...
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Kopecky Inc, which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6 kg at $3.85 per kilogram) $23.10 Direct labour (2.40 hours at $11.00 per hour) $26.40 During the month of April, the company manufactures 260 units and incurs the following actual costs: Direct materials purchased and used (1,760 kg) $6.952 Direct labour (600 hours) $6,240 Calculate the total, price, and quantity variances for materials and labour. Price variance $ Quantity $ variance Total $ variance Save for Late Materials Labour $ $ $ Attempts: 0 of 1 used Submit Answer Kopecky Inc, which produces a single product, has prepared the following standard cost sheet for one unit of the product: Direct materials (6 kg at $3.85 per kilogram) $23.10 Direct labour (2.40 hours at $11.00 per hour) $26.40 During the month of April, the company manufactures 260 units and incurs the following actual costs: Direct materials purchased and used (1,760 kg) $6.952 Direct labour (600 hours) $6,240 Calculate the total, price, and quantity variances for materials and labour. Price variance $ Quantity $ variance Total $ variance Save for Late Materials Labour $ $ $ Attempts: 0 of 1 used Submit Answer
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