A company's product has used more material to produce than the standard amount, but taken...
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Accounting
A company's product has used more material to produce than the standard amount, but taken fewer labor hours. Which of the following statements is correct? A. Both the materials and labor variances are favorable B. The materials variance is favorable and the labor variance is unfavorable. C. The materials variance is unfavorable and the labor variance is favorable D. Both the materials and labor variances are unfavorable
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