Signal Company makes a white liquid substance that is used to cover errors made on printed documents. Signal expects to use 4 ounces of a chemical known as Fatal per bottle of correction fluid. Fatal expected to cost P 0.40 per ounce. Actual materials cost amounted to P 0.46 per ounce. Signal expected to make and sell 1,000,000 bottles of correction fluid during the period. Actual production amounted to 900,000 bottles and 4,095,000 ounces.Compute the variances.

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Here are the calculations for the variances Fatal Usage Variance Expect... View the full answer