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H Company manufactures a number of consumer items for general household use. During the recent month, the company manufactured 8,000 glasses using 1,000 square meters

H Company manufactures a number of consumer items for general household use. During the recent month, the company manufactured 8,000 glasses using 1,000 square meters of glass. The glass cost the company $2,500 when purchased. According to the standard cost card, each glass requires .1 square meters of glass, at a cost of $4 per square meter.

Compute the material quantity variance and material price variance

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