A company reports the following for one of its products. Compute the total direct materials variance and
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A company reports the following for one of its products. Compute the total direct materials variance and identify it as favorable or unfavorable.
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Direct materials standard (4 Ibs. @ $2 per Ib.) $8 per unit Actual units produced..... 60,000 units Actual cost of direct materials used $540,000
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