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Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.50/lb.) Direct materials flexible budget
Oliver Enterprises has collected the following data for one of its products: Direct materials standard (8 pounds per unit @ $0.50/lb.) Direct materials flexible budget variance - unfavorable Actual Direct Materials Used (AQU) Actual finished goods produced $4.00 per finished good $11,000 40,000 pounds 22,000 units How much is the direct materials quantity variance? A. $20,000 unfavorable B. $88,000 favorable C. $88,000 unfavorable D. $68,000 favorable
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