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Larry's Woodworks has collected the following data for its cutting board line of products: Direct materials standard Direct materials standard cost Actual Direct Materials Used
Larry's Woodworks has collected the following data for its cutting board line of products: Direct materials standard Direct materials standard cost Actual Direct Materials Used (AQU) Actual finished goods purchased 15 pounds per unit $0.68 per pound 50,000 pounds 4,400 units What is the direct materials quantity variance? $5,120 unfavorable $5,120 favorable $10,880 favorable $10,880 unfavorable
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