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Need help on 8 and 9 please!! Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Need help on 8 and 9 please!!
Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs 1,550 lbs. @ $9.10 Standard costs 1,600 lbs. @ $9.00 Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance. ANS: 450,000 F 155,000 U 295,000 F The sales, income from operations, and invested assets for each division of Grosbeak Company follows: Using the expanded expression, determine the profit margin, investment turnover, and rate of return on investment for each division. Round to one decimal place. Which is (are) the most profitable per dollar investedStep by Step Solution
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