Question: ...... . ....-. ...-.....- ... . . 5...- Blue Spruce Company has determined that the standard cost to manufacture its product includes 2 units of

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...... . ....-. ...-..."..- ... . . \"5.\"..- Blue Spruce Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. Du ring January, the company purchased 50,500 units of direct materials at a cost of $5.85 per unit and used 50,500 units of direct materials to produce 23,800 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance $ Materials Price Variance $ Materials Quantity Variance $ V

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.