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You have been given the following information about the production of Karen Co., and are asked to provide the factory manager with information for a
You have been given the following information about the production of Karen Co., and are asked to provide the factory manager with information for a meeting with the vice president of operations. Standard Cost Card Direct materials (9 pounds at $5 per pound) $45.00 Direct labor (0.7 hours at $10) 7.00 Variable overhead (0.7 hours at $5 per hour) 3.50 Fixed overhead (0.7 hours at $7 per hour) 4.90 $60.40 The following is a variance report for the most recent period of operations. Variances Cost Total Standard Cost Price Quantity Direct materials $409,500 $4,188 F $9.300 U Direct labor 63,700 4,893 U 6,200 U (a) V Your answer is correct. How many units were produced during the period? Number of units 9100 eTextbook and Media Attempts: 1 of 3 used (b) Your answer is incorrect. How many pounds of raw materials were purchased and used during the period? Raw material purchased pounds
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