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Material, Labor, and Variable Overhead Variances The following summarized mamulacturing ata relate to Thomas Corporation's April operations, during which 2 , 0 0 0 finished
Material, Labor, and Variable Overhead Variances
The following summarized mamulacturing ata relate to Thomas Corporation's April operations, during which finished units of product were produced.
Normal monthly capacity is direct labor hours.
tabletableStandardUnitsCoststableTroalActualCostsDirect material,,Standard ib a $Direct labor,,Standard hre e sohr.Actual hrs e Variable overhead,,Scandard e ActualTocal$
Determine the following variances:
Do not use negative signs with any of your answers. Next to each variance answer, select eicher F for Favor able or U for Unfavorable.
tableMateriats VariancessActual cosesSplit cost:Standard cose:Materiats price,sMuteriah eificiency,
tableCabor VarlancesActual costSplit costStandard cast,Labor rate,Labor efficiency,
tableActual coss:Split costStandard costs,Variable overhead spending,Veriable overhead efficiency,s
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