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Material and Labor Variances The following actual and standard cost data for direct material...

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Accounting

Material and Labor Variances
The following actual and standard cost data for direct material and direct labor relate to the production of 2,000 units of a product:
\table[[Actual Costs,Standard Costs,],[Direct material,4,200,Ibs. @,$4.90,4,000,Ibs. @ $5.20
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