dont answer hndwritten thnku Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather thefollowing data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased duringthe period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None"and enter "O" for no effect (i.e., zero variance). Round "per unit" answer values to 2 decimal places.)Standard price or rate per unit of inputStandard quantity per unit of outputActual quantity used per unit of outputActual price or rate per unit of inputActual outputDirect-material price varianceDirect-material quantity varianceTotal direct-material varianceDirect-labor rate varianceDirect-labor efficiency varianceTotal direct-labor variance$$$Direct Laborper hourhours per unit1.80 hours11.00 per hour5,000 units10,000 F1,000 F$$$$Direct Material7.00 per blbs per unitlbs per unit6.00 per b5,000 units34,000 F20,000 F

Total direct material variance= direct material price variance+ direct material quantity variance…

Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per unit" answer values to 2 decimal places.)

Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "per unit" answer values to 2 decimal places.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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