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Grace Company is manufacturer of candles. the standard direct materials quantity required to produce one large candle is 1 pound at a cost of $5

Grace Company is manufacturer of candles. the standard direct materials quantity required to produce one large candle is 1 pound at a cost of $5 per pound. during November , 2015, 7200 large candles were produced using 7500 pounds of a direct materials which cost $45,500. prepare an analysis of the direct materials variances.

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