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Variance Analysis:Fresh Bites manufactures Caesar salads. In January, the company initially budgeted to purchase and use 2 0 , 0 0 0 kilograms of lettuce
Variance Analysis:Fresh Bites manufactures Caesar salads. In January, the company initially budgeted to purchase and use kilograms of lettuce at $ per kilogram, with a budgeted output of salads. However, actual purchases for January totaled kilograms, and the actual usage amounted to kilograms at $ per kilogram. The actual output for the month was Caesar salads.Input rate variances are isolated upon purchase, input efficiency variances are isolated at the time of usage.Required: Compute the rate and efficiency variances for direct materials for the month. Please state if variances are favourable or unfavourable, Marka
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