The following data reflect the current months activity for Vickers Corporation. Actual total direct...
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Accounting
The following data reflect the current months activity for Vickers Corporation.
Actual total direct labor$657,750 Actual hours worked 37,500 Standard labor-hours allowed for actual output (flexible budget) 36,000 Direct labor price variance$17,250FActual variable overhead$156,200 Standard variable overhead rate per standard direct labor-hour$4.20
Variable overhead is applied based on standard direct labor-hours allowed.
Compute the labor and variable overhead price and efficiency variances.
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