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please answer a and b Cyrus Medical Products, Inc. uses standard costs and provides the following data concerning one of its products for the month

image text in transcribedplease answer a and b

Cyrus Medical Products, Inc. uses standard costs and provides the following data concerning one of its products for the month just completed: a. Compute the DM variances in the columnar format below, assuming the price variance is isolated when DM are purchased. Use F for favorable variances and U for unfavorable variances. b. Prepare journal entries to record the DM variances and DML variances

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