answer problems 1 & 2 correct Fill in the appropriate...
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Accounting
answer problems 1 & 2 correct
Fill in the appropriate amounts in the following Grouper Corporation variance report. (Round actual and standard price to 2 decimal places, e. . 52.75.) The standard cost card shows that a finished product contains 4 pounds of materials. The 17,130 pounds were purchased in December at a discount of 4% from the standard price. In December, 4,170 units of finished product were manufactured. Calculate the materials variances. Identify whether each variance is favorable or unfavorable
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