Essay
Hokies Industries gathered the following direct labor and direct materials cost information for the month of June:
Calculate the following ratios and tell what they mean:
(
A)direct labor price variance
(b)direct labor usage variance
(c)direct materials price variance
(d)direct materials usage variance
(e)direct materials inventory variance
Correct Answer:
Verified
(a)($16.00 - $16.25)x 32,000 = $8,000F S...View Answer
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Correct Answer:
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