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During April, Shakespeare Company produced 15,000 units of a product called Creative. Creative has a standard materials cost of two pieces per unit at USD
During April, Shakespeare Company produced 15,000 units of a product called Creative. Creative has a standard materials cost of two pieces per unit at USD 8 per piece. The actual materials used consisted of 30,000 pieces at a cost of USD 230,000. Actual purchases of the materials amounted to 40,000 pieces at a cost of USD 300,000.
Compute the two materials variances.
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