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1 point Flame Grill, a fast-food restaurant, includes hamburgers as one of its menu items,...

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Accounting

1 point Flame Grill, a fast-food restaurant, includes hamburgers as one of its menu items, with meat being a major material in hamburgers. In the month ending in December, the company manufactured and sold 500 hamburgers, using 500 pounds of meat and 17 hours of direct labor. The meat actaully costs the company $1,500 and the direct labor actually costs the company $300. As per the standard cost card, each hamburger requires 0.50 pounds of meat, at a cost of $4.00 per pound and each hamburger requires 0.04 hours of direct labor, at a cost of $14 per hour. The direct materials quantity variance would be closest to: O $87.5 F $1000 U $87.5 U 300 U $300 F $1000 F

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