Question: The following direct materials variance computations are incomplete Price variance

The following direct materials variance computations are incomplete:
Price variance = ($? − $7) × 10,800 kg = $5,400 U
Efficiency variance = (? − 10,400 kg) × $7 =? U
Flexible budget variance = $?
Requirement
Fill in the missing values and identify the flexible budget variance as favourable or unfavourable.

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  • CreatedApril 30, 2015
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