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Calculate the direct materials cost variance

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Question - Jackson, Inc is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.50 per pound. The actual result for one? month's production of 6,900 glasses was 1.1 pounds per? glass, at a cost of $0.40 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance.

Reference no: EM132971044

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