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Need help with 2b and C please!!! Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard
Need help with 2b and C please!!!
Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price Standard or Rate Cost Direct materials 3 feet $5 per foot $15 Direct labor hours ? per hour? During March, the company purchased direct materials at a cost of $43,335, all of which were used in the production of 2,425 units of product. In addition, 4,000 hours of direct labor time were worked on the product during the month. The cost of this labor time was $28,000. The following variances have been computed for the month: Materials quantity variance $3,750U Labor spending variance $2,780U Labor efficiency variance$ 780UStep by Step Solution
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