Price and efficiency variances (Appendix 11.1). Refer to the information in the previous exercise for Offshore Video

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Price and efficiency variances (Appendix 11.1). Refer to the information in the previous exercise for Offshore Video Productions and perform the following requirements.

a. Compute the labor price variance.

b. Compute the labor efficiency variance.

c. Compute the variable overhead price variance.

d. Compute the variable overhead efficiency variance.

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