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PLEASE BOLD ANSWERS AND SHOW WORK! Star Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band
PLEASE BOLD ANSWERS AND SHOW WORK!
Star Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: During May, the company produced 3, 540 band hats; 4, 010 yards of material were purchased for $42, 907, and 3, 120 yards of material were used in production. Also during May, 4, 450 direct labor hours were worked at a cost of $57, 850.00. Calculate material price and quantity variances and labor rate and efficiency variances. Indicate whether the variances are favorable or unfavorable. (Round answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.)Step by Step Solution
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