Question: solve Requirement 3. What is the direct material quantity variance? Determine the formula for the quantity variance, then compute the quantity variance for direct materials.
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Requirement 3. What is the direct material quantity variance? Determine the formula for the quantity variance, then compute the quantity variance for direct materials. (Enter the variance as a positive number. Round interim calculations to the nearest cent and your variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U) in the input field after the amount you enter. Abbreviations used: DM = Direct materials.) x ( s ) = DM quantity variance x ( - y=Step by Step Solution
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