Assume that the company computes variances at the earliest

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Reference no: EM13581825

Cost standards for one unit of product no. C77:

Direct material 3 pounds at $2.80 per pound

8.40

Direct labor 6 hours at $7.30 per hour

43.80

Actual results:

Units produced 6,600 units

Direct material purchased 26,400 pounds at $3.00

79,200

Direct material used 19,500 pounds at $3.00

58,500

Direct labor 40,500 hours at $7.10

287,550

1.Assume that the company computes variances at the earliest point in time. The direct-labor rate variance is?

2. Assume that the company computes variances at the earliest point in time. The direct-labor efficiency variance is?

3.Assume that the company computes variances at the earliest point in time. The direct-material price variance is?

4.Assume that the company computes variances at the earliest point in time. The standard hours allowed for the work performed are?

Reference no: EM13581825

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