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Determine the quantity variance and price variance

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Question - Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs 1,450 lbs. @ $8.10 Standard costs 1,500 lbs. @ $8.00

Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance.

Reference no: EM132558232

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