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Question 3: Chapter 11: Standard Costs and Variances; page 499: I. Exercise 11-1, Calculate materials price and quantity variances. (1 mark) II. Exercise 11-2,

Question 3: Chapter 11: Standard Costs and Variances; page 499: I. Exercise 11-1, Calculate materials price and quantity variances. (1 mark) II. Exercise 11-2, Calculate Labor rate and labor efficiency variances. (1 mark) Page 3 of 3

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