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A company has established 5 pounds of Material J at $2.50 per pound as the...

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Accounting

A company has established 5 pounds of Material J at $2.50 per pound as the standard for the material in its product. The company has just produced 2,000 units of this product, using 10,400 pounds of Material J that cost $19,500.

(a) What is the direct materials quantity variance? _________________

(b) What is the direct materials price variance? ___________________

(c) What is the total direct materials spending variance? _____________

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