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Business, 27.05.2020 23:03 RoyalGurl01
Calculate the material and labor variances.
Premium Guard, which uses a standard cost accounting system, manufactured 190,000 boat fenders during the year, using 1 comma 380,000 feet of extruded vinyl purchased at $ 1.30 per foot. Production required 4,900 direct labor hours that cost $ 15.50 per hour. The material's standard was 7 feet of vinyl per fender at a standard cost of $ 1.45 per foot. The labor standard was 0.028 direct labor hour per fender, at a standard cost of $ 14.00 per hour.
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Calculate the material and labor variances.
Premium Guard, which uses a standard cost accounti...
Premium Guard, which uses a standard cost accounti...
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