1. Compute the materials price and quantity variances for August. 2. Compute the labor rate and efficiency...
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Question:
1. Compute the materials price and quantity variances for August.
2. Compute the labor rate and efficiency variances for August.
. Compute the variable overhead rate and efficiency variances for August. 3
Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.
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