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Standard Gears produces lawn mower gears. It uses units as the cost driver for overhead. The following information was provided concerning its standard cost system:
Standard Gears produces lawn mower gears. It uses units as the cost driver for overhead. The following information was provided concerning its standard cost system:
Actual Data | Budgeted and Standard Data | |||||||||||||||||||||
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How much is the direct material price variance?
$465 favorable | |
$1,846 favorable | |
$470 favorable | |
$2,201 favorable |
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