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part 2 part3 Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per
part 2 part3
Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per pound. During February, Oxford Co. paid $57,300 for 4,890 pounds, which were used to produce 2,410 units. What is the direct materials quantity variance? (Do not round your intermediate calculations.) O $10,310 unfavorable O $2,223 favorable O $1,850 unfavorable O $9,550 favorable Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $24 per pound. During July, Exeter paid $134,000 for 4,990 pounds, which it used to produce 4.780 units. What the direct materials price variance? (Do not round your intermediate calculations.) O $14,240 unfavorable O $32,620 unfavorable O $13,340 favorable O $19,280 unfavorable Whitman has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $34.50 per hour. During July, Whitman paid $165,240 to employees for 4,860 hours worked. 2,680 units were produced during July. What is the flexible budget amount for direct labor? O $315,660 O $350,160 $184,920 O $335,340Step by Step Solution
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