Information about the use of direct materials at EZ Toys' Trucks Division for October follows:
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Standard costs
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2 units per truck @ $2.5 per unit
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= $5 per truck
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Trucks produced in October
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= 10,000
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Actual materials purchased and used
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22,000 units @ $2.4 per unit
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= $52,800
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There was no beginning inventory on October 1.
Required:
Prepare Truck Division's direct materials variances for October.