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The following information is available for Maher Manufacturing Company. -- Direct materials price standard is $3.25 per pound. -- Direct materials quantity standard is six pounds per finished unit. -- Budgeted production is 25,000 finished units. -- 175,000 pounds of direct materials were purchased for $525,000. -- 175,000 pounds of direct materials were used in production. -- 25,600 finished units of product were produced.

What is the direct materials quantity variance?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9949577

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