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III. Xavier Company produces a single product. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard costs for one

III. Xavier Company produces a single product. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard costs for one unit of product are as follows:

Table III

Required:

Compute the direct materials, direct labor, and manufacturing overhead variances.

and give suggestion to management based on your results.

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