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Alvarado Company produces a product that requires 1 4 standard pounds per unit. The standard price is $ 4 . 5 0 per pound. If

Alvarado Company produces a product that requires 14 standard pounds per unit. The standard price is $4.50 per pound. If 5,100 units used 72,800 pounds, which were purchased at $4.41 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
b. Direct materials quantity variance
c. Direct materials cost variance
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