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TBS901_Autumn2009_Tutorials_Chp10tut

TBS901_Autumn2009_Tutorials_Chp10tut - Actual completed...

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Upstate manufactures a product that has the following standard costs: The following information pertains to July: Direct material purchased: 42,500 yards at $2.78 per yard, or $118,150 Direct material used: 36,000 yards Direct labor: 7,500 hours at $18.30 per hour, or $137,250
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Unformatted text preview: Actual completed production: 1,050 units Required: Calculate the direct-material price and quantity variances, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable....
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