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  3. Study Set
    Financial and Managerial Accounting Study Set 11
  4. Exam
    Exam 23: Evaluating Variances From Standard Costs
  5. Question
    If the Standard to Produce a Given Amount of Product
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If the Standard to Produce a Given Amount of Product

Question 24

Question 24

True/False

If the standard to produce a given amount of product is 1,000 units of direct materials at $11 and the actual direct materials used are 800 units at $12, the direct materials price variance is $800 favorable.

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