What are the time variances and the price variances, Accounting Basics

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What are the time variances and the price variances

The standard cost for making 1 item of Brand X is 8 hours at $9 per hour = 72 total. The actual cost was 7 hours at $10 per hour= $70 total. What is the total variance for the items? Is it favorable or unfavorable?What are the Time variances and the Price variances and are they favorable or unfavorable?

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Accounting Basics: What are the time variances and the price variances

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Accounting Basics: What are the time variances and the price variances

Reference No:- TGS0718475

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Recent Questions Asked Accounting Basics

Q : Compute volumetric flow rate of the second exit stream

Q : What amount would clean-all report

Q : Compute the amount by which the operating income of greek

Q : Determine the final temperature of the air in the cylinder

Q : What are the time variances and the price variances

Q : Calculate the trucks net book value at the end

Q : What will happen to the company

Q : Calculate the weight percentage of primary alpha phase

Q : Women biathlon sprint

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What are the time variances and the price variances

Reference No:- TGS0718475

Recent Questions Asked Accounting Basics

Q : Compute volumetric flow rate of the second exit stream

Q : What amount would clean-all report

Q : Compute the amount by which the operating income of greek

Q : Determine the final temperature of the air in the cylinder

Q : What are the time variances and the price variances

Q : Calculate the trucks net book value at the end

Q : What will happen to the company

Q : Calculate the weight percentage of primary alpha phase

Q : Women biathlon sprint

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