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Question: Standard Costs and Variances
Calculate missing direct material variables
Last month, Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control.
Review the data in the ENTERANSWERS tab.
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Always use cell references and formulas where appropriate to receive full credit. Requirement: 1. Complete the table by filling in the missing information.
a. Use the ABS function when calculating variances, and use the drop-down selections for F or U when describing the variances.
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