2. present the analysis of the following variances for October: a.Direct materials price quantity variances b. Direct labor rate and efficiency variances. c. Variable manufacturing overhead spending and efficiency variances. 3. Indicate whether the variance is favorable or unfavorable 4. pick out two most significant variances that you have computed. Explain to MR. Santiago possible causes of these variances.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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2. present the analysis of the following variances for October:
a.Direct materials price quantity variances
b. Direct labor rate and efficiency variances.
c. Variable manufacturing overhead spending and efficiency variances.
3. Indicate whether the variance is favorable or unfavorable
4. pick out two most significant variances that you have computed. Explain to MR. Santiago possible causes of these variances.
Transcribed Image Text:2. present the analysis of the following variances for October: a.Direct materials price quantity variances b. Direct labor rate and efficiency variances. c. Variable manufacturing overhead spending and efficiency variances. 3. Indicate whether the variance is favorable or unfavorable 4. pick out two most significant variances that you have computed. Explain to MR. Santiago possible causes of these variances.
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