From the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. Standard Costs /Variances Direct material $ 55,000 Price variance 1,200 U Quantity variance 2,200 F Direct labor 46,000 Rate variance 500 U Efficiency variance 800 U Variable overhead 18,000 Spending variance 400 F Efficiency variance 700 U

From the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. Standard Costs /Variances Direct material $ 55,000 Price variance 1,200 U Quantity variance 2,200 F Direct labor 46,000 Rate variance 500 U Efficiency variance 800 U Variable overhead 18,000 Spending variance 400 F Efficiency variance 700 U

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 29BEA: Performance Report for Variable Variances Humo Company provided the following information: Required:...

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