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Business, 06.05.2020 03:23 kikipie8504

A company uses the following standard costs to produce a single unit of output. Direct materials 6 pounds at $0.90 per pound = $5.40Direct labor 0.5 hour at $12.00 per hour = $6.00Manufacturing overhead 0.5 hour at $4.80 per hour = $2.40During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the direct materials quantity variance for the month was:a. $5,800 favorableb. $5,800 unfavorablec. $1,800 favorabled. $1,800 unfavorablee $1,000 favorable

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A company uses the following standard costs to produce a single unit of output. Direct materials 6 p...
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