Ivanhoe Company budgeted the following cost standards for the current year: Actual costs for producing...
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Accounting
Ivanhoe Company budgeted the following cost standards for the current year: Actual costs for producing 2,660 units were as follows: Calculate the materials price variance for materials purchased. Materials price variance $ Calculate the materials quantity variance. Materials quantity variance $ Calculate the labour price variance. (Round answer to the nearest whole dollar, e.g. 5,275.) Labour price variance $ Calculate the labour quantity variance. Labour quantity variance $
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