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Need some help with this one, thanks :) Seacoast Company provided the following information about its standard costing system for 2019 Actual Data Materials Produced
Need some help with this one, thanks :) Seacoast Company provided the following information about its standard costing system for 2019 Actual Data Materials Produced Standard. Data 10 lbs @ $4 per lbs. 3 hrs. @ $21 per hit 3.500 units 4,000 units 50.000 lbs. for $215.000 Labor Materials purchased 41.000 lbs Budgeted production Materials used Labor worded 11.000 hrs. costing $220.000 Calculate the price, quantity and total variances for labor and materials Format your answers using S. commas, and zero decimal places. Also indicate for each variance "F" for favorable or "U" for unfavorable. Materials Variances Materials Quantity Varlance Favorable/Unfavorable Materials Price Variance Favorable/Unfavorable Favorable/Unfavorable Total Materials Variance Labor Variances Favorable/Unfavorable Labor Quantity Variance Favorable/Unfavorable Labor Price Variance Favorable/Unfavorable Total Labor Variance
Need some help with this one, thanks :)
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