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Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October is an follows: Calculate the following:

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Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October is an follows: Calculate the following: (a) Material quantity variance, (b) Material price variance, assuming raw materials inventories are carried at standard cost, (c) material price variance, assuming raw materials inventories are carried at actual cost

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