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In producing 700 units of Product CBA last period, Cobalt Company used 5,000 pounds of Material H, costing $34,250. The company has established the standard of using 7.2 pounds of Material H per unit of CBA, at a price of $7.50 per pound. Calculate the materials price and quantity variances associated with producing the 700 units, and indicate whether they are favorable or unfavorable:
Language Development
Language development is the process by which children come to understand and communicate language during early childhood.
Crying
The act of shedding tears often as a response to an emotional state, pain, or physical irritation.
Cooing
The soft, throaty noises made by babies as an early form of vocalization.
Chuckling
A soft, low-key form of laughter, often expressing amusement in a quiet or restrained manner.
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