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The standard cost of product 777 includes 2.70 units of direct materials at $5.40 per...

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Accounting

The standard cost of product 777 includes 2.70 units of direct materials at $5.40 per unit. During August, the company bought 28,700 units of materials at $5.57 and used those materials to produce 10,900 units. Compute the total, price, and quantity variances for materials.

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