Cost standards for one unit of product no. C77: $ 7.50 3 pounds at $2.50 per pound 5 hours at $7.50 per hour Direct material Direct labor 37.50 Actual results: Units produced Direct material purchased...

Cost standards for one unit of product no. C77:<br>$ 7.50<br>3 pounds at $2.50 per pound<br>5 hours at $7.50 per hour<br>Direct material<br>Direct labor<br>37.50<br>Actual results:<br>Units produced<br>Direct material purchased 26,000 pounds at $2.70<br>Direct material used<br>7,800 units<br>23,100 pounds at $2.70<br>40,100 hours at $7.30<br>S 70,200<br>62,370<br>292,730<br>Direct labor<br>A. The direct-material price variance is:<br>B. The direct-material quantity variance is:<br>C. The direct-labor rate variance is:<br>D. The direct-labor efficiency variance is:<br>

Extracted text: Cost standards for one unit of product no. C77: $ 7.50 3 pounds at $2.50 per pound 5 hours at $7.50 per hour Direct material Direct labor 37.50 Actual results: Units produced Direct material purchased 26,000 pounds at $2.70 Direct material used 7,800 units 23,100 pounds at $2.70 40,100 hours at $7.30 S 70,200 62,370 292,730 Direct labor A. The direct-material price variance is: B. The direct-material quantity variance is: C. The direct-labor rate variance is: D. The direct-labor efficiency variance is:

Jun 02, 2022

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Cost standards for one unit of product no. C77: $ 7.50 3 pounds at $2.50 per pound 5 hours at $7.50 per hour Direct material Direct labor 37.50 Actual results: Units produced Direct material purchased...

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