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The records of Norton Inc show the following for July Standard labor-hours allowed per unit of output Standard variable overhead rate per standard direct labor-hour

The records of Norton, Inc. show the following for July: Standard labor-hours allowed per unit of output. . . . . . . . 1.2 Standard variable overhead rate per standard direct labor-hour. . . . . . . . . . . . . . . . . . . . . . . $45 Good units produced. . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,000 Actual direct labor-hours worked. . . . . . . . . . . . . . . . . . . 73,600 Actual total direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,370,000 Direct labor efficiency variance . . . . . . . . . . . . . . . . . . . . $48,000 U Actual variable overhead. . . . . . . . . . . . . . . . . . . . . . . . . $3,072,000 Required Compute the direct labor and variable overhead price and efficiency variances.

Apr 10 2020 Read more Less More

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