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Need help with managerial accounting problem. Thanks Orion Corporation has established the following standards for the prime costs of one unit of it's chief product

Need help with managerial accounting problem. Thanks

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Orion Corporation has established the following standards for the prime costs of one unit of it's chief product , dartboards . Direct material Standard Quantity 10. 20 pounds Standard Price or Rate* Standard Cost* Direct labor $ 15. 80 8. 78 hour $ 1.50 per pound $ 10 . 90 per hour Total $ 2 2 . 90 During June. Orion purchased $35, 000 pounds of direct material at a total cost of $552 750. The total wages for June were $260, 224. 75 percent of which were for direct labor Orion manufactured 32. 090 dartboard's during June . using 297.600 pounds of the direct material purchased in June and 24. 320 direct- labor hours* Required :" Compute the following variances for June. IDo not round intermediate calculations. Indicate the effect of each variance by selecting " Favorable" or " Unfavorable " Select "More " and enter" " " for no effect lie zero variance ! ! \\Direct - material price variance* \\Direct-material quantity variance* \\Direct - material purchase price variance* \\Direct - labor rate variance* \\Direct - labor efficiency variance*

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