explanation & answer

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Acme Inc. has the following information available: Calculate the Material Price Variance and indicate if the variance is favorable or unfavorable Calculate the Material Quantity Variance and indicate if the variance is favorable or unfavorable A Calculate the Labor Rate Variance and indicate if the variance is favorable or unfavorable Acme Inc. has the following information available: Calculate the Labor Efficiency (Time) Variance and indicate if the variance is favorable or unfavorable