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Dodge Company produces a single product. The company has set the following standards for materials and labour: Direct Materials Direct Labour Standard quantity or hours

Dodge Company produces a single product. The company has set the following standards for materials and labour:

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Direct Materials Direct Labour Standard quantity or hours per unit ? kilograms 3 hours Standard price or rate ? per kilogram $15 per hour Standard cost per unit ? $45Materials price variance $1, 750 favourable Total materials variance $250 unfavourable Labour efficiency variance $6,000 favourable

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