A company's direct materials standard for one unit is 6 pounds of raw materials at...
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A company's direct materials standard for one unit is 6 pounds of raw materials at $3 per pound. The company reports the following for this period. AQ=ActualQuantitySQ=StandardQuantityAP=ActualPriceSP=StandardPrice Compute the direct materials price variance, direct materials quantity variance, and total direct materials variance. Note: Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Complete this question by entering your answers in the tabs below. Management investigates direct materials variances of more than 3% of actual direct materials costs. Which direct materials variance will management investigate further? Which direct materials variance will management investigate further
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