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Davis Incorporated makes a product with the following standard costs: Davis Incorporated reported the following results concerning this product in July. The company applies variable

image text in transcribedimage text in transcribed Davis Incorporated makes a product with the following standard costs: Davis Incorporated reported the following results concerning this product in July. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for July is: $91,200 U $114,000F $114,000 U $91,200F

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