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Determine the direct materials quantity variance

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Question - Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs1,550 lbs. at $9.10Standard costs1,600 lbs. at $9.00.

Determine the direct materials (a) quantity variance, (b) price variance, and (c) total cost variance.

Reference no: EM132883259

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