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(Solved): Required Information The Chapter 10 Form worksheet is to be used to create your own worksheet vers ...



Required Information
The Chapter 10 Form worksheet is to be used to create your own worksheet version of the main example in a-2. What is the materials price varlance?
Note: Indlcate the effect of each varlance by selecting F for favorable, U forc-1. What is the varlable overhead efficlency varlance?
Note: Indlcate the effect of each varlance by selectling F for favo

Required Information The Chapter 10 Form worksheet is to be used to create your own worksheet version of the main example in the text. Requlrement 2: Revise the data In your worksheet to reflect the results for the subsequent perlod as shown below: a-1. What is the materlals quantity varlance? Note: Incllate the effect of each varlance by selectling "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Answer is complete but not entirely correct. a-2. What is the materials price varlance? Note: Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Answer is complete but not entirely correct. b-1. What is the labor efficlency varlance? Note: Indlcate the effect of each varlance by selectling "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Answer is complete but not entirely correct. b-2. What is the labor rate varlance? Note: Incllcate the effect of each varlance by selectling "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Round your final answer to nearest whole dollar amount. Answer is complete but not entirely correct. c-1. What is the varlable overhead efficlency varlance? Note: Indlcate the effect of each varlance by selectling "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Answer is complete but not entirely correct. c-2. What is the varlable overhead rate varlance? Note: Indlcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Answer is complete but not entirely correct.


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a-1 The amount of the materials quantity variance : = (Standard quantity - Actual Quantity) * Standard price = (6,480 - 6,475) * $4 = $20 Favorable a-
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