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Question - Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product.
Direct materials (6 pounds at 1.50 per pound) - $9.00
Direct labor (1 hours at $12.00 per hour) - $12.00
During the month of April, the company manufactures 150 units and incurs the following actual costs.
Direct materials purchased and used (930 pounds) - $1,488
Direct labor (160 hours) - $1,904
Journalize the entries to record the materials and labor variances.
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research and development costs of 20000 were incurred. the research was conducted to discover a new product to sell to
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oakland college is considering outsourcing grounds maintenance. in this regard oakland has received a bid from highline
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