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QUESTION
and price will arise if the actual number of pounds of materials used exceeds standard pounds allowed but the actual cost was less than standard cost?...
What type of direct material variances for usage and price will arise if the actual number of pounds of materials used exceeds standard pounds allowed but the actual cost was less than standard cost?
Favorable usage, and favorable price.
Unfavorable usage, but favorable price.
Unfavorable usage, and unfavorable price.
Cannot be determined from the information given.
None of these.
