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Please help meeeeee Hall Enterprises recently experienced a fire, forcing the company to use incomplete information to analyze operations. Consider the following data and assume
Please help meeeeee Hall Enterprises recently experienced a fire, forcing the company to use incomplete information to analyze operations. Consider the following data and assume that all materials purchased during the period were used in production: Direct materials: Standard price per pound: $8 Actual price per pound: $9 Price variance: $20,000U Total of direct material variances: $2,000U Direct labor: Actual hours worked: 40,000 Actual rate per hour: $15 Efficiency variance: $28000F Total of direct labor variances: $12,000U Halo completed 12,000 units. Required: Determine the following: Show all calculations and identify each variance as Favorable (F) or Unfavorable(U) actual materials used standard direct-material quantity direct material quantity variance direct-labor rate variance standard labor rate per hour
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