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  3. tercer reports the following for one of its produc

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.

Direct materials cost variance Unfavorable

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