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The following data pertains to the direct materials cost for the month of October: Standard costs 4,970 units allowed at $110 each Actual costs 5,020

The following data pertains to the direct materials cost for the month of October:

Standard costs 4,970 units allowed at $110 each

Actual costs 5,020 units input at $95 each

What is the direct materials efficiency (quantity) variance?

$5,500 unfavorable.

$4,750 favorable.

$4,750 unfavorable.

$5,500 favorable.

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