Question: Using the standard unit costs that you computed in SE3 and the actual cost and usage data that follow, compute the direct materials price and

Using the standard unit costs that you computed in SE3 and the actual cost and usage data that follow, compute the direct materials price and direct materials quantity variances.

Direct materials purchased and used (pounds)........... 21,800

Price paid for direct materials.................. $10.10 per pound

Number of good units produced...................... 21,000 units

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