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Jones Company has budgeted 5 yards of direct materials per chair at a standard cost of $10 per yard. During January, 2,000 actual yards were
Jones Company has budgeted 5 yards of direct materials per chair at a standard cost of $10 per yard. During January, 2,000 actual yards were purchased and used, completing 410 chairs. All were sold and Jones Company actually paid $13 per yard. What is the direct materials cost variance?
$6,000 U
$3,000 F
$6,000 F
$3,000 U
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