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Lido Company's standard and actual costs per unit for the most recent period,during which 400 units were actually produced,are given below: Required:
From the foregoing information,compute the following variances.Show whether the variance is favorable (F) or unfavorable (U):
a.Materials price variance.
b.Materials quantity variance.
c.Direct labor rate variance.
d.Direct labor efficiency variance.
e.Variable overhead rate variance.
f.Variable overhead efficiency variance.
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