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Smithson Company manufactures shirts. During June, Smithson made 1 , 8 0 0 shirts and gathered the following additional data: ( Click on the icon
Smithson Company manufactures shirts. During June, Smithson made shirts and gathered the following additional data:
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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 U
Direct Materials Cost Variance
Data table
tableDirect materials cost standard,$ per yard of fabricDirect materials efficiency standard, yards per shirtActual amount of fabric purchased and used, yardsActual cost of fabric purchased and used,$
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