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calculate the material price and usage variances, and the wage rate variance and labour efficiency variances for the following data,
month labour labour material material units
usage cost usage cost produced
(hrs) (£) (m) (£)
standard 2.2 10.89 2.9 7.25 1
04/90 35,760 171,648 44,700 116,220 14,900

after you have completed these calculations, briefly explain your results
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