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part 1 only P23-26A Preparing a flexible budget computing standard cost variances Morton Recliners manufactures leather recliners and uses flexible budgeting and a standard cost

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P23-26A Preparing a flexible budget computing standard cost variances Morton Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Morton allocates overhead based on yards of direct materials. The company's performance report includes the following selected data

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