docs.google.com forms/d/e/1FA1PQLSE-rQkh8FZPGnapek0906DigYuMW7PNoioLMsrvBayQuestion - 2: Short AnswersThe direct and indirect variances. For Example : 700000 u or 700000 f or 700000 only?What is the price variance of direct materials -1Wangsgard Manufacturing has the following standard cost sheet for one of itsproducts:$ 10Direct materials (2 ft. @ $5)Direct labor (0.5 hr. @ $10)Fixed overhead (0.5 hr. @ $2)'Variable overhead (0.5 hr. @ $4)Standard unit cost1$18*Rate based on expected activity of 2,500 hoursDuring the most recent year, the following actual results were recorded:Production6,000 units$ 61,10029,580Direct materials (11,750 ft. purchased and used)Direct labor (2,900 hrs.)Fixed overheadVariable overhead6,00010,500Refer to the data given in point (1). What is the efficiency variance of direct -2?laborAR

The Direct material price variance is the difference between the actual amount spent on direct…

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?What is the price variance of direct materials -1 .. - -- --. Wangsgard Manufacturing has the following standard cost sheet for one of its

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter24: Material And Labor Variances (primevar)

Section: Chapter Questions

Problem 4R: The worksheet you have developed will handle most simple variance analysis problems. Try the problem...

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