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The May 2018 revenue and cost information for Miami Outfitters, Inc. follows: Sales Revenue (at standard) Cost of Goods Sold (at standard) Direct Materials Cost
The May 2018 revenue and cost information for Miami Outfitters, Inc. follows:
Sales Revenue (at standard) Cost of Goods Sold (at standard) Direct Materials Cost Variance Direct Materials Efficiency Variance Direct Labor Cost Variance Direct Labor Efficiency Variance Variable Overhead Cost Variance Variable Overhead Efficiency Variance Fixed Overhead Cost Variance Fixed Overhead Volume Variance $ 620,000 349,000 900 F 5,900 F 4,700 U 2,200 F 3,200 U 1,500 U 2,400 U 8,200 F Has management done a good or poor job of controlling costs? Explain Overall, Miami Outfitters management appears to have done a l job at controlling costs. Total manufacturing variances are
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