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62 lace up Remaining Time: 1 hour, 14 minutes, 25 seconds. Less than half...

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62 lace up

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Remaining Time: 1 hour, 14 minutes, 25 seconds. Less than half of the time rema QUESTION COMPLETION STATUS: Moving to another question will save this response. Question 62 1 points SAVE ANS Lace Up Limited produces high-quality leather boots. The company has a standard cost system and has set the following standards for materials and labour: Leather strips (12 pieces @ $20) Direct labour (10 hours @ $12) $240 Total prime cost $120 $360 During the year, Lace Up produced 125 pairs of boots. Actual leather purchased was 1,700 strips, at $16 per strip. There were no beginning or ending inventories of leather. Actual direct labour was 1,500 hours at $15 per hour. Compute the total budget variances for materials and labour, respectively. O a. $2,800 F and $7,500 U O b. $2,800 F and $7,500 F O c. $2,800 U and $7,500 F O d. $2,800 U and $7,500 U Moving to another question will save this response. ADAX ENG 3:25 17/06/ Type here to search O O

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