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Labour cost: 30 000 hours clocked at a cost of R294 000 while work hours amounted to 27 600. Required: 300 (a) Material price,

Labour cost: 30 000 hours clocked at a cost of R294 000 while work hours amounted to 27 600. Required: 300 (a) Material price, mix and yield variance. (b) Labour rate, idle time and efficiency variance. Source: CIMA (adapted) 379

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