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Compute direct materials variances

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Reference no: EM132493335

Candy Company produces a single product. The materials standard cost for one unit of product is as follows:

Direct material: 6 ounces at $0.50 per ounce.

During June, 2000 units were produced. The actual data is as follows:

  • Material purchased and used 14000 ounces at $0.60 per ounce.

Required:

Question 1: Compute direct materials variances.

Reference no: EM132493335

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