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Livingston Corporation recently implemented a standard cost system. The companys cost accountant has provided the following data to perform a variance analysis for May Compute

Livingston Corporation recently implemented a standard cost system. The companys cost accountant has provided the following data to perform a variance analysis for May

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Compute the following variances. Indicate whether each variance is favorable (F) or unfavorable (U):

(a) Materials price variance: $__________

(b) Materials quantity variance: $__________

(c) Labor rate variance: $__________

(d) Labor efficiency variance: $__________

(e) Overhead spending variance: $__________

(f) Overhead volume variance: $__________

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