The company I chose for the assignment was WALMART

Ch23 Case Study Assignment - Part 2 Problem One: Paradise, Inc. has prepared the following standard cost sheet for one unit of the product. Direct materials (2 pounds at $7 per pound) 2 $7 $14.00 Direct labor (4 hours at $15.00 per hour) $45.00 During the month of November, the company manufactures 2,000 units and incurs the following actual costs. Direct materials purchased and used (5,000 pounds) Direct labor (6,000 hours) $30,000 $84,000 Instructions: : Compute the total, price, and quantity variances for materials and labor. (AQ X AP) (SQ * SP) = Total Favorable or Unfavorable Direct Material Variances Total Direct Material Variance (AQ X AP) (AQ SP) = Total Favorable or Unfavorable Direct Material Price Variance (AQ * SP) (SQ x SP) = Total Favorable or Unfavorable Direct Material Quantity Variance (AH X AR) (SH X SR) = Total Favorable or Unfavorable Direct Labor Variances Total Direct Labor Variance (AH X AR) (AH X SR) = Total Favorable or Unfavorable Direct Labor Price (Rate) Variance (AH X SR) (SH X SR) ) Total Favorable or Unfavorable Direct Labor Quantity Variance b. Describe a new service or product that you would recommend for your company to offer to its customers due to the impact of the COVID-19 pandemic. Explain what new investments in property, plant, and equipment, technology, or new processes would be necessary to offer this new product or service to your customers. Would it benefit your company to make these new investments in property, plant, and equipment, technology, or new processes once the Covid-19 pandemic is over? * Upload and attach your completed excel file to your posting