A manufacturer reports the following standards. The company produces 1,200 units and incurs actual total costs of
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A manufacturer reports the following standards. The company produces 1,200 units and incurs actual total costs of \(\$ 135,000\) this period. Prepare the standard cost card, and then compute the budgeted standard cost and the cost variance. Label the variance as favorable \((\mathrm{F})\) or unfavorable \((\mathrm{U})\).
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