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A company provided the following direct materials cost information. Compute the cost variance.
Standard costs assigned: Direct materials standard cost (425,000 units @ $5 / unit)$2,125,000
Actual costs Direct materials cost incurred (423,750 units @ $5.20 / unit)$2,203,500
$78,500 Unfavorable.
$6,250 Favorable.
$84,750 Favorable.
$84,750 Unfavorable.
$78,500 Favorable.
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