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Working with variances from the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. standard costs variances direct material $120,000 price variance 3,000 u quantity variance 4,000 f direct labor 100,000 rate variance 1,400 u efficiency variance 1,800 u variable overhead 44,000 spending variance 1,000 f efficiency variance 600 u

Respuesta :

The correct answer is  4300.

Variance is said to be unfavourable if actual materials/labour etc used are more than the standards set.

The overall expenses incurred by a company may be divided into a variety of groups in the context of accounting, including fixed costs and variable costs, direct costs and indirect costs, prime costs and non-prime costs, material costs and conversion costs, etc. The application under consideration determines how the costs are classified.

Actual material cost:      

Std Material cost                                   120000  

Add: Unfavorable Price variance                 3000  

Less: Favorable Qty variance                -4000  

Actual material cost:                          119000  

labour cost actual:      

Std labour cost                                  100000  

Add:  labor rate variance                        1400  

Add: Labor efficiency variance                1800  

Actual labour cost                                  103200  

Actual  variable Oh cost:    

Std variable OH cost                          44000  

Lless: Favorable Spending variance        1000  

Actual  variable Oh cost:                       43000  

To learn more about total actual costs refer the link:

https://brainly.com/question/14236368

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