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Huron company produces a commerical cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are give below:Direct materials 4.6lbs $2.50 per lb standard cost $11.50Direct labor - 0.2hrs $12.00 per hr standard cost $2.40
During the most recent month, the following activity was recorded;a.Twenty thousand lbs of material were purchased at a cost of $2.35 per lbb.All of the material purchased was used to produce 4,000 units of Zoomc.750hrs of direct labor time were recorded at a total labor cost of $10,425
1. Compute the direct materials price and quanitiy variance for the month2.Compute the direct labor and efficiency variances for the month.
Yoder, Inc. has 50,000 shares of $10 par value common stock and 25,000 shares of $10 par value, 6%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Yoder wishes to dist..
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