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The budgeted production for a company is 8,000 units. The standard cost per unit is $20 for direct materials and $10 for direct labor. During
The budgeted production for a company is 8,000 units. The standard cost per unit is $20 for direct materials and $10 for direct labor. During the month, actual production was 9,000 units. Actual direct material cost was $170,000, and actual direct labor cost was $90,000. Calculate the material and labor variances.
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