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Houston Corporation considers materials and labor to be completely variable costs. Expected production for the year is 50,000 units. Show the analysis in a table

Houston Corporation considers materials and labor to be completely variable costs. Expected production for the year is 50,000 units.

Show the analysis in a table format. Write a one-paragraph interpretation of the information presented in the table.

Assume that in the previous exercise the actual production was 60,000 units, materials cost was $247,000, and labor cost was $510,000. What are the budget variances?

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