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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

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 variance by selecting favorable, unfavorable, or no variance.)

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