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The Victor Company has developed the following standards for one of their products. The following activity occurred during the month of July: The company records

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The Victor Company has developed the following standards for one of their products. The following activity occurred during the month of July: The company records the materials price variance at the time of purchase. 12. The labor usage variance is a. \$70,000 favorable b. $70,000 unfavorable c. $100,000 unfavorable d. $100,000 favorable

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