1) Material price variance = (0.34-0.30)*78000 = 3120 F
Material quantity variance = (4500*7-39375)*0.34 = 2678 U
Labor rate variance = (6.8*6250-45625) = 3125 U
Labor efficiency variance = (4500*1.3-6250)*6.8 = 2720 U
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Chapter 10 Homework A Saved Dawson Toys, Ltd., produces a toy called the Maze. The company...
Chapter 10 Exercises 6 Saved Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: 20 Direct materials: 8 microns per toy at $0.34 per micron Direct labor: 1.2 hours per toy at $6.60 per hour points During July, the company produced 5,400 Maze toys. The toy's production data for the month are as follows: eBook Direct materials:...
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