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Concord Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. During the month of April,

image text in transcribed Concord Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. During the month of April, the company manufactures 340 units and incurs the following actual costs. Compute the total, price, and quantity variances for materials and labor

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