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7 A suit making company makes and sells mens suits The standard cost for a yard of material is $3.60 Each suit requires a standard
7 A suit making company makes and sells mens suits The standard cost for a yard of material is $3.60 Each suit requires a standard of 4 yards per suit. In one month they made 4800 suits. Actual material purchased and used was 21,120 yards at a total cost of $70,752 (3.35 per yard) Prepare the Material price (rate) and usage variances
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