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The actual and standard direct materials costs for

The actual and standard direct materials costs for producing a specified quantity of product are as follows:

Actual 51,000 lbs. at $5.05 $257,550

Standard 50,000 lbs. at $5.00 $250,000

A) The direct materials price variance is...

B) The direct materials quantity variance is...

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Managerial Accounting: The actual and standard direct materials costs for

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Managerial Accounting: The actual and standard direct materials costs for

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