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nting, be Exercise 23-8 The following direct materials and direct labor data pertain to the...

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Accounting

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nting, be Exercise 23-8 The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate Actual materials price Standard labor rate Standard materials price $15 per hour $190 per ton $14.50 per hour $193 per ton Quantities Actual hours incurred and used 4,600 hours 1,700 tons 4,650 hours 1,680 tons Actual quantity of materials purchased and used Standard hours used Standard quantity of materials used Compute the total, price, and quantity variances for materials and labor Total materials variance Materials price variance Materials quantity varince Total labor variance Labor price variance Labor quanty variance Question Attempts: 0 of 5 used SA

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