Duval, Inc., budgets direct materials at $1/liter and requires 4 liters per unit of finished...
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Accounting
Duval, Inc., budgets direct materials at $1/liter and requires 4 liters per unit of finished product. April's activities show usage of 832 liters to complete 196 units at a cost of $798.72. Calculate the direct materials price and quantity variances and indicate favorable or unfavorable results.
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