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An unfavorable direct materials price variance and a favorable direct materials quantity variance might indicate which of the following? Multiple Choice Less expensive, inferior materials

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An unfavorable direct materials price variance and a favorable direct materials quantity variance might indicate which of the following? Multiple Choice Less expensive, inferior materials requiring less than the standard amount were used in production More expensive, superior materials requiring more than the standard amount were used in production More expensive, superior materials requiring less than the standard amount were used in production Less expensive, inferior materials requiring more than the standard amount were used in production

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