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very urgent please Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. During June
very urgent please
Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. During June the company incurred the following actual costs to produce 8.000 units. AH= Actual Hours SH = Standerd Hours AR=Actual Rate SR= Standard Rate AQ= Actuol Quontity SQ= Stondard Quentity AP=Actual Price SP= Standard Price (1) Compute the direct moterials price ond quontity vorionces. (Indicote the effect of each variance by selecting for fovorsble. unfevoreble, and no varience.) (2) Compute the direct lobor rote voriance ond the direct labor efficiency voriance. (Indicate the effect of each variance by selectin for fovoreble, unfevorable, and no varience.) unfavorable, and no variance.) 2) Compute the direct labor rate variance and the direct labor efficiency variance. (lndicate the effect of ench variance by selecting or favorable, unfavorable, and no variance.) Complete this question by entering your answers in the tabs below Step by Step Solution
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