(Solution) - 7 5 Standard and actual costs for direct materials for the -(2025 Original AI-Free Solution)

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(7.5%) Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows:
Actual costs ... 1,550 lbs. @ $9.10
Standard costs ... 1,600 lbs @ $9.00
Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance