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Please answer following questions about Mandalay Company The following information is available for llu'lsndala},F Company: Actual Material ll pounds purchased at $2.50 per pound; used
Please answer following questions about Mandalay Company
The following information is available for llu'lsndala},F Company: Actual Material ll pounds purchased at $2.50 per pound; used 1U,5 pounds Direct Labor LBDD hours at $12 per hour Units produced SUE! Standard Material 20 pounds per unit at a price of $2.33 per pound Direct Labor 4 hours per unit at a wage rate of $113 H hour Required a. Determine the material price variance based on the quantity of materials purchased. b. Determine the material quatjl' variance. c. Determine the direct labor rate variance. d. Determine the direct labor efciency,r varianceStep by Step Solution
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