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Find total direct materials cost variance and price variance

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Reference no: EM132535990

Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:

Actual costs 1,450 lbs. @ $8.10 Standard costs 1,500 lbs. @ $8.00

Question 1: Determine the quantity variance, price variance, and total direct materials cost variance.

Reference no: EM132535990

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