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Solve the direct materials price and quantity variances

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Jacques Company planned to use 18,000 pounds of material costing $2.50 per pound to make 4,000 units of its product. In actually making 4,000 units, the company used 18,800 pounds that cost $2.54 per pound.

Question 1: Calculate the direct materials price and quantity variances and indicate whether the results are favorable or unfavorable.

Reference no: EM132576127

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