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What is the direct material price variance, direct materials usage variance , direct labor variance, and direct

labor efficiency variance?

Actual: direct materials purchased [email protected] 3.60, direct materials used 23100 pounds and direct labor 40100 hours @ 6.30

standards: direct materials. 2 pounds @ 3.50 = $7

direct Labor 4 hours @ 6.50 per hour = $26

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Answer Direct Materials price variance (based on materials purchased) = $ 2500 Unfavorable... View the full answer

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