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    Bravo Baking Standard Costing Variance Analysis Spreadsheet

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    Bravo Banking uses standard costing to analyze it performance. The data (attached) shows standard cost per unit of $5.11

    Part a. Compute the material price and quantity variance.
    Labor efficiency and labor rate variances.

    See attached file.

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    Solution Summary

    Solution is provided in formatted excel spreadsheet with "correct" flags all working.