Eastminster Company has the following information: Direct Materials: Direct Labor: Standard Quantity 10,000 Standard Hours...
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Eastminster Company has the following information: Direct Materials: Direct Labor: Standard Quantity 10,000 Standard Hours 2,000 Actual Quantity 12,000 Actual Hours 1,875 Standard Price $14. Standard Rate $10 Actual Price $12 Actual Rate $11 Required: A. Determine the materials price variance and whether it is favorable or unfavorable. $ B. Determine the materials usage variance and whether it is favorable or unfavorable. C. Determine the labor rate variance and whether it is favorable or unfavorable. D. Determine the labor efficiency variance and whether it is favorable or unfavorable
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