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4. Wade Company has developed the following standards for one of ite products: The following activities occurred during the month of October: The company records

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4. Wade Company has developed the following standards for one of ite products: The following activities occurred during the month of October: The company records materials price variances at the time of purchase. Required: Calculate the following variances: a. Materials price variance b. Materials usage variance c. Labour rate variance d. Labour efficiency variance

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