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Determine whether favorable or unfavorable variance occurred

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Question - The static budget for the month of May was for 3,000 units with direct materials at $30 per unit. Direct labor was budgeted at 30 minutes per unit for a total of $18,000. Actual output for the month was 3,000 units with $90,000 in direct materials and $19,300 in direct labor expense. The direct labor standard of 30 minutes was maintained throughout the month. Determine whether a favorable or unfavorable variance occurred and what caused it.

Reference no: EM133129863

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