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Unformatted text preview: 100 Fixed 300 Total 400 380 Standard Costs @ 100 units Std Qty Std Price Std Cost DM 2 yds $1.00/yd. $2.00 DL .5 hrs $6/hr $3.00 VOH 1 unit $1.00 FOH 1 unit $3.00 $4.00 Total $9.00 Actual Costs Actual Quantity Actual Cost DM 2.2 yds/unit = 198 yds $1.50/yd DL .4 hrs/unit = 36 hours $7.00/hr Direct Material Variances Usage = (SQ  AQ) x SP (180  198) x $1 = 18U Price = (SP  AP) x AQ ($1  $1.50) x 198 = 99U Total Material Variance = 117U Direct Labor Variances Efficiency = (SQ  AQ) x SP (45  36) x $6 = 54F Rate = (SP  AP) x AQ ($6  $7) x 36 = 36U Total Labor Variance = 18F...
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This note was uploaded on 04/22/2008 for the course ACC 301 taught by Professor Bruns during the Fall '08 term at Northeastern.
 Fall '08
 Bruns
 Managerial Accounting

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