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Regency Inc.'s indirect materials are a variable cost based on the standard cost formula of $0.60 per unit. If the company's performance report for last
Regency Inc.'s indirect materials are a variable cost based on the standard cost formula of $0.60 per unit. If the company's performance report for last month shows a $200 unfavorable spending variance for indirect materials and if 9,000 units were produced last month but 8,800 units had been planned, then the actual costs incurred for indirect materials for the month must have been:
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