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Calculate the total materials variance

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Question - Charlatte Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 51,300 units of direct materials at a cost of $5.80 per unit and used 51,300 units of direct materials to produce 23,900 units of its product. Calculate the total materials variance, and the price and quantity variances.

Reference no: EM132768670

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