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The following materials standards have been established for a particular product: 3.6 metres Standard quantity...

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Accounting

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The following materials standards have been established for a particular product: 3.6 metres Standard quantity per unit of output Standard price $10.20 per metre The following data pertain to operations concerning the product for the last month: 7,100 metres Actual materials Actual cost of materials purchased Actual output $68,515 per metre 1,780 units What is the materials price variance? > What is the materials quantity variance? What is the total variance ? V V

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