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San Diego State University Operations And Supply Chain Management Assignment Help - Materials

Question - The following data is given for the Harry Company: Budgeted production --26,000 units Actual production -------27,500 units Materials: Standard price/ounce $6.50 Standard ouncese per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1,504,800 Labor: Standard hourly rate $22 per hour Standard hours allowed per completed unit 6.6 Actual labor hours worked 183,000 Actual total labor costs $4,020,000 Overhead: Actual and budgeted fixed overhead $1,029,600 Standard variable overhead rate $24.50 per standard labor hour Actual variable overhead costs $4,520,000 Overhead is applied on standard labor hours. The direct labor time variance is: a) 6,000 favorable b) 6,000 un ...Read More

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