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The following summarized and manufacturing data relate to Brown Corporation's May operations, during which 2,000 finished units of product were produced. Normal monthly capcity is
The following summarized and manufacturing data relate to Brown Corporation's May operations, during which 2,000 finished units of product were produced. Normal monthly capcity is 1,100 direct labor hours. Standard Units Costs Total Actual Costs $30 $65,280 Direct material Standard (3 lb. @ $10.00/b) Actual (6.400 lb. $10.20/1b.) Direct labor Standard (0.5 hr. $22/hr.) Actual (950 hrs. @ $21.70/hr.) Variable overhead Standard (0.5 hr. $12/hr.) Actual Total $11 20,615 $6 $47 12,300 $98,195 Determine the following variances: Do not use negative signs with any of your answers, Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Materials Variances Actual cost s Split cost 5 Standard cost: $ Materials price $ . Materials efficiency $ . Labor Variances Actual cost 5 Split cost: 5 Standard cost 5 Labor rate 5 Labor efficiency s Variable Overhead Variances Actual cost $ Split cost: 5 Standard cost 5 Variable overhead spending 5 Variable overhead efficiency 5 04
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