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8-24 Identifying favourable and unfavourable variances. (LO 4) Purdue Inc. manufactures tires for large auto companies. It uses standard costing and allocates variable and FMOH

image text in transcribed 8-24 Identifying favourable and unfavourable variances. (LO 4) Purdue Inc. manufactures tires for large auto companies. It uses standard costing and allocates variable and FMOH based on machine-hours. Required For each independent scenario given, indicate whether each of the manufacturing variances will be favourable or unfavourable or, in case of insufficient information, indicate "cannot be determined

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