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A company has established 5 pounds of Material J at $2.50 per pound as the standard for the material in its product. The company has
A company has established 5 pounds of Material J at $2.50 per pound as the standard for the material in its product. The company has just produced 2,000 units of this product, using 10,400 pounds of Material J that cost $19,500.
(a) What is the direct materials quantity variance? _________________
(b) What is the direct materials price variance? ___________________
(c) What is the total direct materials spending variance? _____________
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