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# The company January 2015 budget was based on normal volume. During January, the company produced 7,800 units

with records indicating the data following: Actual: Direct materials purchased 25,000 lbs @ \$3.60. Direct materials used 23,100 lbs Direct labor 40,100 hours @ \$6.30 (excluding overhead)

Standards: Direct materials (2 pounds @ \$3.50 per pound)= \$7.00 ; Direct Labor (4 hours @ \$6.50 per hour)= \$26.00 ;STANDARD COST PER UNIT \$33.00

What is the direct materials price variance(based on materials used), direct materials usage variance , direct labor variance and direct labor efficiency variance?

Answer Direct Materials price variance (based on materials used) = \$ 2310... View the full answer

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