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

Question - Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Eastern Polymers, Inc., processes a base chemical into plastic.Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,800 units of product were as follows: Standard Costs Actual Costs Direct materials 8,800 lbs. at $4.70 8,700 lbs. at $4.50 Direct labor 1,700 hrs. at $17.50 1,740 hrs. at $17.80 Factory overhead Rates per direct labor hr., based on 100% of normal capacity of 1,770 direct labor hrs.: Variable cost, $3.50 $5,890 variable cost Fixed cost, $5.50 $9,735 fixed cost Each unit requires 0.25 hour of direct labor. Required: a. Determine the price variance, quantity v ...Read More

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