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Ritchie Company Ritchie Company Uses a Standard Cost System for Its

Question 204

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Ritchie Company Ritchie Company uses a standard cost system for its production process. Ritchie Company applies overhead based on direct labor hours. The following information is available for July:
Ritchie Company Ritchie Company uses a standard cost system for its production process. Ritchie Company applies overhead based on direct labor hours. The following information is available for July: Refer to Ritchie Company Using the three-variance approach, what is the efficiency variance? A) $11,770 F B) $2,200 F C) $7,975 U D) $5,775 U Refer to Ritchie Company Using the three-variance approach, what is the efficiency variance?


A) $11,770 F
B) $2,200 F
C) $7,975 U
D) $5,775 U

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