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Essay Details:
Essay text:
We will discuss several variances that we have discovered to have an unfavorable result which include price variance for raw materials purchased, direct labor rate, and variable overhead efficiency. The other variances, raw materials usage, direct labor efficiency and variable overhead spending had favorable results and we will provide the reasons for all the variances and give recommendations for improvement of the unfavorable outcomes.
Raw Materials Purchased
Description of Variance
A variance acknowledged after the purchase of raw materials that is caused by the differences between standard price and actual price of the raw materials utilized during the reporting period...
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