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Scarlett Company has a direct materials standard of 3 gallons of input at a standard...

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Accounting

Scarlett Company has a direct materials standard of 3 gallons of input at a standard price of $5.00 per gallon. During July, Scarlett Company purchased and used 7,500 gallons at an actual price of $4.60 to produce 2,450 units of product. What is the direct materials quantity variance? Multiple Choice $750 unfavorable $750 favorable $3,000 favorable $690 unfavorable

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