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Actual and standard direct materials costs

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Reference no: EM132105054

The actual and standard direct materials costs for producing a specified quantity of product are as follows:

Actual 51,000 lbs. at $5.05 $257,550

Standard      50,000 lbs. at $5.00     $250,000  

A) The direct materials price variance is...

B) The direct materials quantity variance is...

Reference no: EM132105054

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