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Wisner Fabrication prepares its budgets on the basis of standard costs. Variances are analyzed and reported monthly. There are no materials inventories. The following information
Wisner Fabrication prepares its budgets on the basis of standard costs. Variances are analyzed and reported monthly. There are no materials inventories.
The following information relates to the current period:Actual costs and activities for the month follow:Materials usedOutputActual labor costsActual variable overhead pounds at $ per pound units hours at $ per hour$Required:Prepare a cost variance analysis for the variable costs.Note: Round your answers to the nearest whole dollar amount. Indleate the effect of each varlance by selecting F for fo or U for unfovorable. If there is no effect, do not select elther optlon.Answer is not complete.
tableDirect materials:Price variance,Efficiency variance,$Direct materials total variance,$Direct labor:Price variance,Efficiency variance,Direct labor total variance,Variable overhead:Price variance,,,Efficiency variance,,,Variable overhead total variance,$
Need help finding the price variance and the efficiency variance. Everything else is correct.
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