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Alvarado Company produces a product that requires 1 0 standard pounds per unit. The standard price is $ 1 0 . 5 0 per pound.

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Alvarado Company produces a product that requires 10 standard pounds per unit. The standard price is $10.50 per pound. If 5,500 units used 53,300 pounds, which were purchased at $10.71 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
a. Direct materials price variance 4
Unfavorable
b. Direct materials quantity variance
$
Favorable
c. Direct materials cost variance
$
Favorable
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