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Refer to ABC Company. (1) Compute the material price and quantity variances. (2) Compute the labor rate and efficiency variances. ( 8 pts) BC Company

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Refer to ABC Company. (1) Compute the material price and quantity variances. (2) Compute the labor rate and efficiency variances. ( 8 pts) BC Company continued. Using the information from Problem 1, prepare the journal entries for this year's production. ( 6 pts)

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