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The Valley Plant of Patton Supply manufactures a single product. The standard cost sheet for the product follows: Standards have been computed based on a
The Valley Plant of Patton Supply manufactures a single product. The standard cost sheet for the product follows: Standards have been computed based on a master budget actlvity level of 20,900 direct labor-hours per month. Actual actlvity for the past month was as follows: Required: a. Prepare varlance analyses for the varlable and fixed costs. b. Complete the following table with the total varlance for a resource. Complete this question by entering your answers in the tabs below. Complete the following table with the total variance for a resource. Note: Indicate the effect of each variance by selecting " F " for favorable, or " U " for unfavorable. If there is no effect, do not select either option
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