(Answered) Question - blue dingo uses a standard costing system the

Accounting

Question - Blue Dingo uses a standard costing system. The company's standard costs and variances for direct materials, direct labor, and factory overhead for the month of May are as follows.

Variances Standard Cost Unfavorable Favorable Direct materials - $84,000

Price variance - $4,800

Quantity variance - $3,000

Direct labor - 173,000

Rate variance - 2,700

Efficiency variance - 6,200

Manufacturing overhead - 255,000

Spending variance - 3,700

Volume variance - 5,000

Determine the actual costs incurred during the month of May for direct materials, direct labor, and manufacturing overhead.

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