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Analyze the direct materials cost variances for Apple Inc.'s iPhone production for the month of September 2023. The standard cost per unit for direct materials

Analyze the direct materials cost variances for Apple Inc.'s iPhone production for the month of September 2023. The standard cost per unit for direct materials is $500, and 10,000 units were produced. The actual direct materials cost amounted to $5,200,000.

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Calculate the direct materials cost variances (total, price, and quantity variances) for Apple Inc.'s iPhone production for the month of September 2023.

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