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Problem 10-9(Algo) Comprehensive Variance Analysis [LO10-1, LO10-2, LO10-3] Marvel Parts, Incorporated, manufactures auto...

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Accounting

Problem 10-9(Algo) Comprehensive Variance Analysis [LO10-1, LO10-2, LO10-3]
Marvel Parts, Incorporated, manufactures auto accessorles. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,065 hours each month to produce 2,130 sets of covers. The standard costs assoclated with this level of production are:
\table[[,Total,Per set of],[Direct materials,$35,358,Covers],[Direct labor,$8,520,4.60],[Variable manufacturing overhead (based on,,],[direct labor-hours),$3,195,1.50],[,,$22.10
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