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Actual Costs: $28,000; Budgeted Costs: $25,000 Requirements : Compute the materials price variance and materials quantity variance. Analyze the impact of the labor rate variance

Actual Costs: $28,000; Budgeted Costs: $25,000
Requirements:
- Compute the materials price variance and materials quantity variance.
- Analyze the impact of the labor rate variance and labor efficiency variance.

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