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managerial accounting help asap?! Company's standard and actual costs per unit for the most recent period, during which 400 y produced, are given below units
managerial accounting help asap?!
Company's standard and actual costs per unit for the most recent period, during which 400 y produced, are given below units were Materials Standard 2 metres at $1 50 par n 1 3.00 Actual 21 metres at $1 60 per s Standard. 13 hrs a $6 00 per 900 Actual 14 hr| $650per hr 3.36 Drect labour 9 10 Variable overbead Standard 1.5bn at 13 40 per Actual 14hr $310per ht 510 Total unit co $17 10 16.50 There were no inventory of materials at the beginning or end of the period. Required: From the above information, compute the following variances, Show whether the variance is favourable (F) or unfavourable (U): a) Materials price variance b) Materials quantity variance c) Direct labour rate variance d) Direct labour efficiency variance e) Variable overhead spending variance D Variable overhead efficiency varianceStep by Step Solution
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