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The budgeted prices for materials and direct labour per unit of finished products for Jax Corporation are $11 and $5, respectively. The production manager is

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The budgeted prices for materials and direct labour per unit of finished products for Jax Corporation are $11 and $5, respectively. The production manager is delighted about the following data. F: denotes Favourable variance U: denote Unfavourable variance Required: Is the manager's happiness justified? Prepare a performance report and provide more detailed explanation why the static budget (master budget) was not achieved. Good output was 5,800 units

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