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3. (8 points) The following standards have been established for a raw material used to make product I92: The following data pertain to a recent

image text in transcribed 3. (8 points) The following standards have been established for a raw material used to make product I92: The following data pertain to a recent month's operations: Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month? c. What is the labor rate variance for the month? d. What is the labor efficiency variance for the month

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