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The standard cost card shows that a finished product contains 4 pounds of materials. The...

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The standard cost card shows that a finished product contains 4 pounds of materials. The 17,400 pounds were purchased in December at a discount of 4% from the standard price. In December, 4,210 units of finished product were manufactured. Calculate the materials variances. Identify whether each variance is favorable or unfavorable. Materials Price Variance $ Materials Quantity Variance $ Total Materials Variance $

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