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A company provided the following direct materials cost information. Compute the cost variance. Standard costs assigned: Direct materials standard cost (425,000 units @ $5 /

A company provided the following direct materials cost information. Compute the cost variance. Standard costs assigned: Direct materials standard cost (425,000 units @ $5 / unit) $2,125,000 Actual costs: Direct materials cost incurred (423,750 units @ $5.20 / unit) $2,203,500

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