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Georgia, Inc. has collected the following data on one of its products. The direct materials quantity variance is:
Direct materials standard (2 lbs @ $1/lb) $ 2 per finished unitTotal direct materials cost variance-unfavorable $ 15,250Actual direct materials used 60,000 lbsActual finished units produced 20,000 units
Answers:
$20,000 unfavorable.$15,250 favorable.$4,750 favorable.$20,000 favorable.$15,250 unfavorable.
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