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variance amount to the nearest whole dollar. Feedback Check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can

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variance amount to the nearest whole dollar. Feedback Check My Work Unfavorable variances can be thought of as increasing costs (a debit). Favorable variances can be thought of as decreasing costs (a credit). The direct material cost variance is the difference between the actual and standard material cost. Learning Objective 3

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