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Please show all work Problem 9.14. (Direct Materials and Direct Labor Variances) Zoller Company produces a dark chocolate candy bar. Recently, the company adopted the

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Problem 9.14. (Direct Materials and Direct Labor Variances) Zoller Company produces a dark chocolate candy bar. Recently, the company adopted the following standards for one bar of the candy: Direct materials (6.3 oz. @ 50.20) Direct labor (0.08 hr. @ $18.00) Standard prime cost $1.26 1.44 $2.70 During the first week of operation, the company experienced the following actual results: a Bars produced: 143,000. b. Ounces of direct materials purchased: 901,200 ounces at $0.21 per ounce. c. There are no beginning or ending inventories of direct materials. d. Direct labor: 11,300 hours at $17.30. Required: 1. Compute price and usage variances for direct materials. 2. Compute the rate variance and the efficiency variance for direct labor

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