Compute the price and quantity variances for direct labor, Accounting Basics

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Compute the price and quantity variances for direct labor

The following information is available:

Actual Inputs for Actual Price
Each Unit of Output Per Unit of Input
Direct materials 11 yards $12 per yard
Direct labor 4.2 hours $8 per hour

Actual output was 1,000 units. The company's per unit standards call for 15 yards of direct material at $10.00 per yard and 4 hours of direct labor at $9.50 per hour. The company purchased and used 11,000 yards of material.

Required:
A) Compute the price and quantity variances for direct material.
B) Compute the price and quantity variances for direct labor

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Accounting Basics: Compute the price and quantity variances for direct labor

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Accounting Basics: Compute the price and quantity variances for direct labor

Reference No:- TGS0709079

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Recent Questions Asked Accounting Basics

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Accounting Basics: Compute the price and quantity variances for direct labor

Reference No:- TGS0709079

Recent Questions Asked Accounting Basics

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Q : Find the change of entropy using the ideas gas table

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