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Compute the total price and quantity variances for materials

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Question - The standard cost of product 777 includes 2.5 units of direct materials at $5.6 per unit. During August, the company bought 28,200 units of materials at $5.75 and used those materials to produce 11,500 units.

Compute the total, price, and quantity variances for materials.

Reference no: EM132187474

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