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Superior Corps direct materials costs are as follows: Quantities purchased and used 20,100 pounds Actual costs $429,500 Standard price per pound $23.40 Standard quantity allowed

Superior Corps direct materials costs are as follows:

Quantities purchased and used 20,100 pounds

Actual costs $429,500

Standard price per pound $23.40

Standard quantity allowed 18,500 pounds

There are no material inventories.

What are the direct materials price and efficiency variances?

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