Question: Requirement 2. Calculate the direct material quantity variance. Determine the formula for the quantity variance, then compute the quantity variance for the direct materials. (Enter

Requirement 2. Calculate the direct material quantity variance. Determine the formula

for the quantity variance, then compute the quantity variance for the direct

Requirement 2. Calculate the direct material quantity variance. Determine the formula for the quantity variance, then compute the quantity variance for the direct materials. (Enter the variance as a positive number. Enter currency amounts in the formula to the neares Label the variance as favorable (F) or unfavorable (U).) (()=DMquantityvariance)= 1. Calculate the direct material price variance. 2. Calculate the direct material quantity variance

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