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Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (10 pounds at $2.90 per pound) $29.00 Direct labor (3 hours at $13.00 per hour) $39.00 During the month of April, the company manufactures 350 units and incurs the following actual costs. Direct materials purchased and used (2.100 pounds) $6,510 Direct labor (1,080 hours) $13,932 Compute the total, price, and quantity variances for materials and labor. Total materials variance $ Materials price variance. $ Materials quantity variance $ Total labor variance $ Labor price variance Labor quantity variance $
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Levine Inc Variance Analysis April Levine Incmanufactures a single productallowing us to analyze the variances for direct materials and direct labor 1 ...Get Instant Access to Expert-Tailored Solutions
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