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Too - Jay Enterprises recently experienced a fire, forcing the company to use incomplete information to analyze operations. Consider the following data and assume that
TooJay Enterprises recently experienced a fire, forcing the company to use incomplete information to analyze operations. Consider the following data and assume that all materials purchased during the period were used in production:
Direct materials: Standard price per pound: $ Actual price per pound: $ Price variance: $F Total of directmaterial variances: $F
Direct labor: Actual hours worked: Actual rate per hour: $ Efficiency variance: $F Total of directlabor variances: $U Halo completed units.
Determine the following: marks
actual materials used:
directmaterial quantity variance:
directlabor rate variance:
standard labor rate per hour:
standard labor time per finished unit:
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