(Answered) Question - material and labor varianceconsider the

Accounting

Question - Material and labor variance

Consider the following data for a manufacturing company direct material Direct

Actual price per unit of input 7.80 12

Standard price per unit of input 7.00 12.75

Standard inputs allowed per unit 10 2

Actual units of input 115,000 30,000

Actual units of output(product) 14,400 14,400

1. Compute the price, quantity, and flexible-bundle variances for direct material and direct labor. Use U or F to indicate whether the variances are unfavorable or favorable

2. Prepare a plausible explanation for the performance.

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