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Read the requirements. Calculate the direct materials cost variance. Select the formula, then enter the amounts and compute the cost variance for direct materials and
Read the requirements.
Calculate the direct materials cost variance.
Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable F or unfavorable
Calculate the direct materials efficiency variance.
Select the formula, then enter the amounts and compute the efficiency variance for direct materials and identify whether the variance is favorable F or unfavorable U
Direct Materials Efficiency Variance
Calculate the total direct materials variance and identify whether the variance is favorable or unfavorable.
The total direct materials variance is
Calculate the direct labor cost variance.
Select the formula, then enter the amounts and compute the cost variance for direct labor and identify whether the variance is favorable F or unfavorable U
Calculate the direct labor efficiency variance.
Select the formula, then enter the amounts and compute the efficiency variance for direct labor and identify whether the variance is favorable F or unfavorable U
Calculate the total direct labor variance and identify whether the variance is favorable or unfavorable.
The total direct labor variance is
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