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Duval,IncBudgets Direct Materials at $1/liter and Each Product Requires 4

question 121

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Duval,Inc.budgets direct materials at $1/liter and each product requires 4 liters per unit of finished product.April's activities show usage of 832 liters to complete 196 units at a cost of $798.72.Compute the direct materials price and quantity variances.Indicate if the variance if favorable or unfavorable.


Definitions:

Relations-Oriented

A leadership or management style that emphasizes maintaining positive relationships within a team or organization.

Diagnose

To diagnose means to identify the nature of a problem, condition, or disease through examination of the symptoms or available data.

Meaningfulness

The perception of having a purposeful and significant impact through one's actions or work.

Performing Important

The act of carrying out tasks or roles that have significant value or impact within a particular context.

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