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Chapter 21 HW, Part 2-Standard Costs a... Saved Help Save & Exit Submit Check my work Tercer reports the following for one of its products. S points Direct materials standard (4 lbs. @ $2 per lb.) Actual finished units produced Actual cost of direct materials used 8 per finished unit 60,000 units $540,000 eBook Compute the total direct materials cost variance and classify it as favorable, unfavorable or no variance. Print Direct materials cost variance References