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Using the following product information, calculate the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.

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Using the following product information, calculate the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. AQ=ActualQuantitySQ=StandiardQuantityAP=ActualPriceSP=StandardPrice Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no varionce

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