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Petoskey Manufacturing, which produces a single product, has prepared the following standard cost sheet...

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Accounting

Petoskey Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at $2 per pound) $12 Direct labor (2 hours at $12 per hour) $24
During the month of April, the company manufactures 300 units and incurs the following actual costs. Direct materials purchased and used (1,850 pounds) 4,070 Direct labor (620 hours) $7,130
Instructions: Compute the total, price, and quantity variances for materials and labor.
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Petoskey Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product. During the month of April, the company manufactures 300 units and incurs the following actual costs. Direct materials purchased and used ( 1,850 pounds) $4,070 Direct labor (620 hours) $7,130 Instructions Compute the total, price, and quantity variances for materials and labor

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