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Jiggly, Inc. makes a product called the Wet Willy that requires 2.5 standard pounds to produce. The standard price of the material is $3.50 per

Jiggly, Inc. makes a product called the "Wet Willy" that requires 2.5 standard pounds to produce. The standard price of the material is $3.50 per pound. If 15,000 units actually required 36,000 pounds of material, which were purchased at $4 per pound, what is the direct materials price variance and diect materials quantity variance in dollars, respectively.

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