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Q1) Scheer Company's standard labor cost of manufacturing one unit of product DD is 4 hours at the rate of $14.16 per hour. In August, 40,800 hours of labor are incurred at cost of $14.28 per hour to manufacture 10,000 units of product DD.

find out total labor variance.

find out labor price and quantity variances.

Repeat previous problem, suppose the standard is 4.2 hours of direct labor at $14.46 per hour.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M921481

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