Diaz company has developed the following standards for one of its products: direct materials 3.50 pounds × $4 per pounddirect labor 1 hour × $12 per hourvariable manufacturing overhead 1 hour × $6 per hourthe following activity occurred during the month of april: materials purchased 2,000 pounds costing $22,500materials used 1,600 poundsunits produced 250 unitsdirect labor 550 hours at $12.50 per houractual variable manufacturing overhead: $2,500the company records materials price variances at the time of purchase. the total variable standard cost is:
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Diaz company has developed the following standards for one of its products: direct materials 3.50 po...
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