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The following information is provided by the Atlas Company: Actual direct material cost Standard direct material cost Direct material usage variance $20,000 $24,000 $ 3,000

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The following information is provided by the Atlas Company: Actual direct material cost Standard direct material cost Direct material usage variance $20,000 $24,000 $ 3,000 favorable What is the direct materials price variance? Multiple Choice Not enough information is provided o $1,000 favorable o $5,000 unfavorable o $1,000 unfavorable o

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