From the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. Standard Variances Costs Direct material Price variance 3,000 U Quantity variance 4,000 F Direct labor Rate variance 1,400 U Efficiency variance 1,800 U Variable overhead Spending variance 1,000 F Efficiency variance 600 U Actual costs Direct Material Direct Labor Variable overhead $150,000 130,000 74,000 $? $? $P TI

From the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. Standard Variances Costs Direct material Price variance 3,000 U Quantity variance 4,000 F Direct labor Rate variance 1,400 U Efficiency variance 1,800 U Variable overhead Spending variance 1,000 F Efficiency variance 600 U Actual costs Direct Material Direct Labor Variable overhead $150,000 130,000 74,000 $? $? $P TI

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Description: Please answer asap. HW due soon Working With VariancesFrom the following data, determine the total actual costs incurred for direct material, direct labor,and variable overhead.VariancesStandardCostsDirect materialPrice variance3,000 UQuantity varian

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 14EB: Acme Inc. has the following information available: A. Compute the material price and quantity, and...

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