Gorman Company produced 6,000 book bags in June, and actual amounts were a5 follows: ...

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Accounting

Gorman Company produced 6,000 book bags in June, and actual amounts were a5 follows:
(Click the icon to view the actual amounts.)
Gorman's stanolards were as follows:
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Requirements
Compute cost and efficiency variances for direct materials, direct labor, and variable overhead.
Compute the cost and volume variances for foxed overhead.
Requirement 1. Compute cost and efficiency variances for direct materials, direct labor, and variable overhead.
each variance as favorable (F) or unfavorable (U). Enter a "O" for any zero balances. For any $0 variances, leave the Favorable (F)Unfavorable (U) input blank.)
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