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Please need help, I follow instructions, but I cannot find a single answer. Thank you Question #2 Expected production (units) Standard DML hours per unit
Please need help, I follow instructions, but I cannot find a single answer. Thank you
Question #2 Expected production (units) Standard DML hours per unit Standard DML rate per hour Standard pounds of DM usage per unit Standard DM price per pound Units produced DML hours worked Total cost of DML Pounds of DM purchased Total cost of DM purchased Pounds of DM used 25,000 8 $25 5 $12 Actual 26,000 202,000 $5,252,000 150,000 $1,725,000 143,000 a) Calculate the following variances: Direct manufacturing labor rate variance Direct manufacturing labor usage variance Direct materials price variance Direct materials usage variance Direct manufacturing labor rate variance Direct manufacturing labor usage variance 202,500 b) Explain what each of the calculated variances imply about the firm's operations. Be specific! Direct manufacturing labor rate variance Direct manufacturing labor usage variance Direct materials price variance Direct materials usage varianceStep by Step Solution
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