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Melissa Company has collected the following data for one of its products: How much is the direct materials efficiency variance? Direct materials standard (5 pounds

Melissa Company has collected the following data for one of its products:

How much is the direct materials efficiency variance?

Direct materials standard (5 pounds @ $1/lb.) $5 per finished good Direct materials flexible budget variance- unfavorable Actual direct materials used Actual finished goods produced $14,000 100,000 pounds 18,000 units

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