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university of southern california Operations And Supply Chain Management Assignment Help - Materials and manufacturing

Question - Materials and manufacturing labor variances, standard costs. Dunn, Inc. is a privately held furniture
manufacturer. For August 2009, Dunn had the following standards for one of its products, a wicker

The following data were compiled regarding actual performance: actual output units (chairs)
produced, 2,000; square yards of input purchased and used 3,700; price per square yard, $5.10;
direct manufacturing labor costs, $8,820; actual hours of input 900; labor price per hour, $9.80.
1. Show computations of price and efficiency variances for direct materials and direct manufacturing
labor give a plausible explanation of why each variance occurred.
2. Suppose 6,000 square yards of materials were purchased (at $5.10 per square ya ...Read More

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