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Mcnabb corportation makes shoe polish. The standard direct materials quantity is 1.00 pounds per container at...

Mcnabb corportation makes shoe polish. The standard direct materials quantity is 1.00 pounds per container at a cost of $4.50 per pound. The actual usage for the production of 66,000 containers was 1.10 pounds per cushion at an actual cost of $4.40 per pound. Calculate the direct materials price variance and the direct materials quantity variance.

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