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Calvin, Corp. is a manufacturer of designer bowls. The standard direct materials quantity is 0.6 pounds per bowl at a cost of $0.30 per pound.

image text in transcribed Calvin, Corp. is a manufacturer of designer bowls. The standard direct materials quantity is 0.6 pounds per bowl at a cost of $0.30 per pound. The actual result for one month's production of 6,800 bowls was 1.1 pounds per bowl, at a cost of $0.50 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance

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