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one question two parts Reed Corp. has set the following standard direct materials did direct labor costs per tint for the product it manufactures During
one question two parts
Reed Corp. has set the following standard direct materials did direct labor costs per tint for the product it manufactures During June the company incurred the following actual costs to produce 8,700 units. AH= Actual Hours SH =Standard Hours AR=ActualRate SR= Standard Rate AQ - Actual Quantity SQ= Standard Quantity AP=ActualPrice SP= Standard Price (1) Compute the direct materials price and quantity variances. (Indicate the effect of each variance by selecting for fovorable, unfavorable, and no variance.) (2) Compute the direct labor rate variance and the direct labor efficiency variance. (Indicote the effect of each variance by selecting for fovorable, unfavorable, and no variance.) Complete this question by cntering your answers in the tabs below. Compute the direct materials price dnd quantity variances. Indicate whether each variance is favorable or unfavorable. (4) Lompute the direct labor rate variance and the direct labor efficiency variance. (indicate the effect of each voriance by celecting for favorable, unfavorable, and no variance.) Complete this questian by entering your onswers in thin tabs betowf. Compute the direct materials price and quantity variances, Indicate whether esch variance is favorable or untavorable. for fivable. for fovorable, unfavorable, and no varionce.) Compliste this question toy enterinu your answers in the tabs betow, Compute the direct materials price and quantity varlances. Indicate whether each variance is favorable or unfavoratile Step by Step Solution
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