Labor variance actual cost $ 15.00 Materials variance actual cost $ 7.75 495,000 255,750 actual quantity 33,000 33,000 f Labor

This question was created from Acc 202 budget Variance report

For labor variance: How is the standard cost 48000 unfavorable? How did you get that number? For Materials variance, it gives 31000 for actual quantity and I have 30000 for standard quantity, I’m confused as to what to do from this point to determine which is favorable and unfavorable?

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