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Sonoma State University Operations And Supply Chain Management Assignment Help - Haslett Inc

Question - Haslett Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (8 pounds at $2.50 per pound) …………….$20 Direct labor (3 hours at $12.00 per hour) …………………...$36 During the month of April, the company manufactures 230 units and incurs the following actual costs. Direct materials purchased and used (1,900 pounds) ……….$4,940 Direct labor (700 hours) ……………………………………..$8,120 Instructions Compute the total, price, and quantity variances for materials and labor.

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