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show work and all computations PROBLEM 420 points The following data relate...

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Accounting

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PROBLEM 420 points The following data relate to the product of Dumbo Corporation: Direct material standard: 3 ponds at $2.50 per pound Direct material purchased and used: 30,000 pounds at $2.60 per pound Manufacturing activity: 10,100 units completed Show all computations. For each variance, state F or U. a) Compute price variance, quantity variance, direct material variance. b) Prepare the journal entry using standard costing

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