Business, 26.11.2019 22:31 lakesha04begaye

Hutto corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures.
direct materials (15 lbs. @ $3 per lb.) $45
direct labor (2 hrs. @ $15 per hr.) 30
during may the company incurred the following actual costs to produce 9,000 units.
direct materials (137,100 lbs. @ $2.80 per lb.) $ 383,880
direct labor (21,600 hrs. @ $15.10 per 326,160
required :
(1) compute the direct materials price and quantity variances. (indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

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Hutto corp. has set the following standard direct materials and direct labor costs per unit for the...

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