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Part B The purchasing manager and the production manager are waiting for the report on the June 2013 variances. Assume that the price, spending, and

Part B

The purchasing manager and the production manager are waiting for the report on the June 2013 variances. Assume that the price, spending, and rate variances are all favourable, but that the quantity and efficiency variances are unfavourable. Briefly explain how the purchasing manager and production manager will each interpret the June variances. (7 Marks)

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