Tercer reports the following for one of its products. ...
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Accounting
Tercer reports the following for one of its products.
| Direct materials standard (4 lbs. @ $2 per lb.) | $ | 8 | per finished unit | |
| Actual finished units produced | 60,000 | units | ||
| Actual cost of direct materials used | $ | 535,000 | ||
Compute the total direct materials cost variance and classify it as favorable or unfavorable.
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