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Fischer fabrication reported the following information concerning its direct materials: direct materials purchased $365,000 standard cost of materials purchased $352,000 standard price time actual amounts

Fischer fabrication reported the following information concerning its direct materials: direct materials purchased $365,000 standard cost of materials purchased $352,000 standard price time actual amounts of materials used $324,000 actual production 55,000 units standard direct materials costs per unit produced $6 compute the direct materials cost variances

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