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Business, 19.03.2021 22:50 jennashowbiz
Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials (6 pounds at $1.80 per pound) $10.80
Direct labor (4 hours at $13.00 per hour) $52.00
During the month of April, the company manufactures 170 units and incurs the following actual costs.
Direct materials purchased and used (1,900 pounds) $3,610
Direct labor (720 hours) $9,288
Compute the total, price, and quantity variances for materials and labor.
Total materials variance $enter a dollar amount select an option
Neither favorable nor
Materials price variance $enter a dollar amount select an option
Neither favorable nor
Materials quantity variance $enter a dollar amount select an option
UnfavorableNeither favorable nor unfavorableFavorable
Total labor variance $enter a dollar amount select an option
UnfavorableNeither favorable nor unfavorableFavorable
Labor price variance $enter a dollar amount select an option
Neither favorable nor
Labor quantity variance $enter a dollar amount select an option
Neither favorable nor
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Levine Inc., which produces a single product, has prepared the following standard cost sheet for one...
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