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Compute the direct materials price variance

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Question - The Whizbang Company makes a special type of toy. Each toy takes 6 ounces of a special material that costs $3 per ounce. Whizbang bought 4,000 ounces of the material at a cost of $11,300. They used 3,400 ounces to make 534 toys. Compute the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance.

Reference no: EM133129583

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