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Given the information provided, calculate the following variances. For each one, indicate the effect of each variance by writing beside it F for
Given the information provided, calculate the following variances. For each one, indicate the effect of each variance by writing beside it F for favourable, U for unfavourable, and "None" for no effect ie zero variance
The materials price and quantity variances.
The labour rate and efficiency variances.
The variable manufacturing overhead spending and efficiency variances.
The fixed manufacturing overhead budget and volume variances.
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