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Compute the materials price variance

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Question - The standard cost of Ed's Trykes includes two units of direct materials at $8.00 per unit. During June, the company buys 22,000 units of direct materials at $7.80 and uses those materials to produce 12,000 Ed's Trykes.

Required - Compute the materials price variance, the materials quantity variance, the total materials variance. Indicate whether the variance is favorable or unfavorable.

Reference no: EM132532403

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