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The following data pertains to the direct materials cost for the month of October: ...

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Accounting

The following data pertains to the direct materials cost for the month of October:

Standard costs 5,000 units allowed at $20 each
Actual costs 5,050 units input at $19 each

What is the direct materials efficiency variance?

  • $950 favorable

  • $950 unfavorable

  • $1,000 favorable

  • $1,000 unfavorable

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