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Microsoft Corporation budgeted to produce 10,000 units at a standard cost of $20 per unit. Actual production was 12,000 units, and the total cost was

Microsoft Corporation budgeted to produce 10,000 units at a standard cost of $20 per unit. Actual production was 12,000 units, and the total cost was $250,000. Calculate the direct materials price and quantity variances.

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