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Calculate the direct materials price and quantity variances

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Question - Jacques Company planned to use 18,000 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost $2.54 per pound. Calculate the direct materials price and quantity variances and indicate whether the results are favorable or unfavorable.

Reference no: EM132575890

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