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A company reports the following information for one of its products. Actual units produced Actual cost of direct materials used Direct materials standard (4 pounds

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A company reports the following information for one of its products. Actual units produced Actual cost of direct materials used Direct materials standard (4 pounds 0.$25 per pound) 4,500 units $597,600 $100 per unit Calculate the total direct materials variance. Indicate If the variance is favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance

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