Amanda Corporation has the following​ information:   Expected units to produce in March 5,300 units Expected units to produce in April 7,300units Budgeted direct labor cost per hour 24 Direct labor hours per unit  2 hours   Calculate the total budgeted cost of direct labor for March and April combined.   Part 1 A.$ 604 comma 800

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Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.