Business, 21.08.2019 02:10 thedoragreen

Reed corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. direct materials (15 lbs. @ $3 per lb.) $45 direct labor (4 hrs. @ $14 per hr.) 56 during june the company incurred the following actual costs to produce 8,400 units. direct materials (129,000 lbs. @ $2.80 per lb.) $ 361,200 direct labor (38,500 hrs. @ $14.10 per 542,850 (1) compute the direct materials price and quantity variances.

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Reed corp. has set the following standard direct materials and direct labor costs per unit for the p...

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