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The standard cost of product B manufactured by Waterway Company includes 3 units of direct...

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Accounting

The standard cost of product B manufactured by Waterway Company includes 3 units of direct materials at $5.55 per unit. During
June, the company purchases 29,000 units of direct materials at a cost of $5.22 per unit and uses 29,000 units of direct materials to
produce 9,500 units of product B.
(a)
Calculate the materials variance, and the price and quantity variances.
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