The following data pertains to the direct materials cost for the month of October: Standard Cost: 5,000 units @ $20 Actual Cost: 5,50 units at $19. What is the direct materials efficiency variance?
(a) $1,000 U.
(b) $24,000 F.
(c) $24,000 U.
(d) $19,000 F.
Answer: (a) $1,000 U.
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