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Lucia Company has set the following standard cost per unit for direct materials and direct labor.During May the company incurred the following actual costs to

Lucia Company has set the following standard cost per unit for direct materials and direct labor.During May the company incurred the following actual costs to produce

8, 600

units.

(1)

Compute the direct materials price and quantity variances.

(2)

Compute the direct labor rate variance and the direct labor efficiency variance.

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