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1. The following information is provided by the West Company: Actual direct material cost $12,000 Flexible Budget direct material cost $10,000 Direct material quantity variance

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1. The following information is provided by the West Company: Actual direct material cost $12,000 Flexible Budget direct material cost $10,000 Direct material quantity variance $500 unfavorable What is the direct material price variance? a. $2,000 favorable b. $2,500 favorable c. $1,500 unfavorable d. Not enough information is provided

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