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Business, 21.05.2021 17:30 Queenashley3232

Swifty Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (6 pounds at $1.60 per pound) $9.60
Direct labor (3 hours at $11.00 per hour) $33.00

During the month of April, the company manufactures 180 units and incurs the following actual costs.

Direct materials purchased and used (2,400 pounds) $4,320
Direct labor (560 hours) $6,048

Required:
Compute the total, price, and quantity variances for materials and labor.

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Swifty Inc., which produces a single product, has prepared the following standard cost sheet for one...
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