# Chapter 10 - Question 1(2 points Exercise 10-2 Material...

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Question 1: (2 points) Exercise 10-2 Material Variances [LO2] Harmon Household Products, Inc., manufactures these products, a chopping board, requires a manufactured 4,000 chopping boards using 11, \$18,700. The company's standards for one chopping b board foot. Requirement 1: (a) What cost for wood should have been incurre response.) Cost incurred (b) How much greater or less is this than the cos Cost incurred is by \$ than the actual cost incu Requirement 2: Break down the difference computed in requirem quantity variance. (Indicate the effect of each va and "None" for no effect (i.e., zero variance). your response.) Materials price variance Materials quantity variance

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Question 2: (2 points) Exercise 10-3 Direct Labor Variances [LO3] AirMeals, Inc., prepares in-flight meals for a num cannelloni with roasted pepper sauce, fresh baby prepared 6,000 of these meals using 1,150 direct of \$11,500 for this work, or \$10 per hour. According to the standard cost card for this mea hour.
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