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310I am getting a large variance for labor cost between standard cost and cost put into WIP for one item number.
Details:
GP 2010
Valuation - FIFO Periodic
Item A is made up of items B and C. B and C are both phantoms.
Item A has a standard labor cost of $32.00.
Item B has a standard labor cost of $258.60.
Item C has a standard labor cost of $127.20.
It shows the stardard labor cost of A to be $32.00. Which is correct.
It shows the labor cost put into WIP as $316.40.
This creates a variance of $284.40.
Why is it putting so much labor cost into WIP? Where is it getting its numbers?
Thanks
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