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Q1) Information on Rex Co.'s direct material costs for May follows:


Actual quantity of direct materials 30,000 pounds
Actual cost of direct materials....................................... $84,000as  
Unfavorable direct materials quantity variance............ $3,000  
Standard quantity of direct materials ........................... 29,000 pounds


For month of May, compute Rex's direct materials price variance?


A) $2,800 favorable


B) $2,800 unfavorable


C) $6,000 Unfavorable


D) $6,000 favorable

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