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Firecracker Company Has Developed the Following Standards for One of Its

Question 44

Multiple Choice

Firecracker Company has developed the following standards for one of its products. Firecracker Company has developed the following standards for one of its products. The company records materials price variances at the time of purchase. The direct materials price variance is A) $50,000 favorable. B) $50,000 unfavorable. C) $10,000 favorable. D) $10,000 unfavorable. The company records materials price variances at the time of purchase.
The direct materials price variance is


A) $50,000 favorable.
B) $50,000 unfavorable.
C) $10,000 favorable.
D) $10,000 unfavorable.

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