Using Control Limits to Determine When to Investigate a Variance Kavallia Company set a standard...
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Using Control Limits to Determine When to Investigate a Variance Kavallia Company set a standard cost for one item at $328,000; allowable deviation is $14,500. Actual costs for the past six months are as follows: June $331,500 September $314,000 July 344,000 October 332,000 August 346,400 November 324,000 Required: 1. Calculate the variance from standard for each month.
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