Littrell Company produces chairs and has determined the following direct cost categories and budgeted amounts:
Required:
a.What is the combined total of the flexible-budget variances?
b.What is the price variance of the direct materials?
c.What is the price variance of the direct manufacturing labor and the direct marketing labor, respectively?
d.What is the efficiency variance for direct materials?
e.What are the efficiency variances for direct manufacturing labor and direct marketing labor, respectively?
Correct Answer:
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c.Manufacturing Labor ($9.25 - $9.00) ...
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