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Calculating materials variances. Manna, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.9 pound per glass at a cost

Calculating materials variances.

Manna, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.9 pound per glass at a cost of $0.37 per pound. The actual result for one month's production of 8,200 glasses was 1.5 pounds per glass, at a cost of $0.44 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance.

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