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Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help contro

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Particulars Direct Material SQ 27600 SP 0.35 AQ 34500 AP 0.33 Material Price Variance (MPV) = ( SP-AP) AQ >>MPV = 1 0.35 - 0.Particulars Direct Labour SH 5060 SRAHP | 6.5 5560 A R 6.8 Labour Rate Variance (LrV) = ( SR - AR ) AHP >>LRV = 1 6.5 - 6.8 )

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