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QS 21-7 (Algo) Direct materials variances LO P3 A company reports the following for one of its products. Compute the total direct materials variance and

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QS 21-7 (Algo) Direct materials variances LO P3 A company reports the following for one of its products. Compute the total direct materials variance and identify it as favorable or unfavorable. (Indicate the effect of the varionce by selecting favorable, unfavorable, or no variance.)

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