The following data pertain to October operations for the Janice Company: Actual output was 1,000 units. Janice Company's per unit standards call for 15 yards of direct material at
$10.00 per yard and 4 hours of direct labor at $9.50 per hour. Janice Company purchased 11,000 yards of material.
Required:
Compute the price and usage variances for direct material and direct labor.
Correct Answer:
Verified
Price variance = 11,000...
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