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Lumberman Manufacturing provided the following information about its standard costing system for 2013: Determine the amount of the materials price variance. Identify whether the variance

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Lumberman Manufacturing provided the following information about its standard costing system for 2013: Determine the amount of the materials price variance. Identify whether the variance is favorable or unfavorable? How much will the materials price variances differ if the price variance is determined at the time of production? Identify whether the variance is favorable or unfavorable

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