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Question 2 Landers Company manufactures a number of products. The standards relating to one of these products are shown below: To evaluate the performance of

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Question 2
Landers Company manufactures a number of products. The standards relating to one
of these products are shown below:
To evaluate the performance of the first quarter in 2024, the results follow:
Required:
Compute the total standard cost per unit and total actual cost per unit for the first
quarter in 2024. How much is the difference between the actual unit costs and
standard cost?
Compute the following variances for the first quarter of 2024:
a. Materials quantity and price variances.
b. Labor efficiency and rate variances.
c. Variable overhead efficiency and rate variances.
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