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a Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding
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Using formulas and cell references, perform the required analysis, and input your answers into the green cells in the Amount column. Select the corresponding type of variance in the dropdowns in cells D15:D17. Transfer the numeric results for the green entry cells (C15:C17) into the appropriate fields in CNOWV2 for grading. What is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Round your answers to the neares positive number. Feedback r check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a cre Cost variance is the difference between the actual and standard total cost Step by Step Solution
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