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A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (406,000 units
A company provided the following direct materials cost information. Compute the total direct materials cost variance.
Standard costs assigned: | |||
Direct materials standard cost (406,000 units @ $3.00 / unit) | $ | 1,218,000 | |
Actual costs: | |||
Direct materials costs incurred (404,750 units @ $3.20 / unit) | $ | 1,295,200 | |
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