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Read the requirements. Requirement 1. Calculate the direct material price variance. variance amount to the nearest whole dollar. Label the variance as favorable (F) or

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Read the requirements. Requirement 1. Calculate the direct material price variance. variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials) Requirements 1. Calculate the direct material price variance. 2. Calculate the direct material quantity variance

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