Business, 26.09.2019 21:00 ayoismeisjjjjuan

Material and labor variances the following actual and standard cost data for direct material and direct labor relate to the production of 2,000 units of a product: actual costs standard costs direct material 3,900 lbs. @ $5.30 4,000 lbs. @ $5.10 direct labor 6,200 hrs. @ $8.40 6,000 hrs. @ $8.70 determine the following variances: do not use negative signs with any of your answers. next to each variance answer, select either "f" for favorable or "u" for unfavorable. materials variances actual cost: answer split cost: answer standard cost: answer a. materials price answer answer b. materials efficiency answer answer labor variances actual cost: answer split cost: answer standard cost: answer c. labor rate answer answer d. labor efficieny answer answer

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Material and labor variances the following actual and standard cost data for direct material and dir...

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