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Requirements 1. Calculate the total variable cost per unit for each firm in the trade association. Compute the percent of total for the material, labor,
Requirements 1. Calculate the total variable cost per unit for each firm in the trade association. Compute the percent of total for the material, labor, and variable overhead components. 2. Using the trade association's industry benchmark, calculate direct materials and direct manufacturing labor price and efficiency variances for the four firms. Calculate the percent over standard for each firm and each variance
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