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Calculate a Level 3 efficiency variance for materials given the following information: Budget Data: units produced 500; total material used 650 lbs; total material cost

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Calculate a Level 3 "efficiency" variance for materials given the following information: Budget Data: units produced 500; total material used 650 lbs; total material cost $7.150. Actual Results: units produced 400; total material used 440 Ibs; total material cost $7,200. $880F $600F $600U $880U

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