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The following information is for the standard and actual costs for the Happy Corporation. Enter favorable variances as negative numbers. a. Determine the following: Quantity

The following information is for the standard and actual costs for the Happy Corporation. Enter favorable variances as negative numbers.

a. Determine the following:

Quantity variance:$SelectFavorableUnfavorableItem 2
Price variance:$SelectFavorableUnfavorableItem 4
Total direct material cost variance:$SelectFavorableUnfavorableItem 6

b. Determine the following:

Time variance:$SelectFavorableUnfavorableItem 8
Rate variance:$SelectFavorableUnfavorableItem 10
Total direct labor cost variance:$SelectFavorableUnfavorableItem 12

c. Determine the following:

Volume variance: $

SelectFavorableUnfavorableItem 14

Controllable variance: $

SelectFavorableUnfavorableItem 16

Total factory overhead cost variance:$

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