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Assignment \#6 - Chapter \#11 Variance Analysis Speeds, Inc. makes a popular jogging suit. The company wants to develop standards for material and labout. The standard price per unit for direct materials should be the final, delivered cost of materials. The standard price should reflect: The standard cost for one jogging suit would be: Standard Cost Card for Jogging Suits The following data are for last month's production: 1) Compute the material price and quantity variances for the jogging suits. 2) Compute the laboic rate variance and labouc efficiency variance for jogging suits. Total Variance