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Find the amount of the spending and price

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Reference no: EM132506873

Assume that a company produces baby blankets. Direct material standards for the blanket are that each will use 2 yards of material at a cost of $7.95 per yard. Last month the company produced 6000 blankets, using 13,500 yards of materials at a total cost of $97.875.

Question 1: Find the amount of the spending, price, and quantity variances for materials.

Reference no: EM132506873

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