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Lucia Company has set the following standard cost per unit for direct materials and direct...

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Accounting

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Lucia Company has set the following standard cost per unit for direct materials and direct labor. During May the company incurred the following actual costs to produce 9,000 units: Compute the (1) direct materials price and quantity variances and (2) direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable

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