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Sadler Scientific manufactures GPS devices for a chain of retail stores. i (Click the icon to view information about the Magellan XS.) The budgeted
Sadler Scientific manufactures GPS devices for a chain of retail stores. i (Click the icon to view information about the Magellan XS.) The budgeted and actual amounts for Magellan XS for July 2020 were as follows: (Click the icon to view the budgeted and actual amounts.) i (Click the icon to view additional information.) Read the requirements. Requirement 1. Compute the price and efficiency variances for the three categories of direct materials and for direct manufacturing labor in July 2020. Begin by calculating the the price and efficiency variances for the each category of direct materials. (Do not round intermediary calculations. Round the amount you enter into the input field to the nearest whole dollar. Label each variance as favorable (F) or unfavorable (U). For variances with a $0 balance, make sure to enter "0" in the appropriate field. If the variance is zero, do not select a label. Abbreviation used: Qty = quantity.) July 2020 Navigation systems Actual Costs Incurred Price Variance Actual Input Qty * Budgeted Price Efficiency Variance Flexible Budget
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