
Concept explainers
Direct materials, direct labor, and
Mackinaw Inc. processes a base chemical into plastic.
Each unit requires 0.3 hour of direct labor.
Instructions
Determine (A) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (B) the direct labor rate variance, direct labor time variance, and total direct labor cost variance; and (C) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance.

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Chapter 8 Solutions
Bundle: Managerial Accounting, 14th + Cengagenowv2, 1 Term Printed Access Card
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