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Business, 16.11.2019 05:31 maddoxlachowski

Abc company has set the following standards for one unit of product: direct materials: 0.5 pounds @ $1.00 per pound; direct labor: 1 hour @ $10.00 per hour. the company produced 35,000 units and had the following actual costs: direct materials: 18,000 pounds at a total cost of $17,280; direct labor: 36,000 hours at a total cost of $374,400. compute the total direct materials variance.

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