Select the correct statement from the following, assuming Carmichael Company had a favorable direct materials price variance of $3,000 and an unfavorable direct materials usage variance of $2,000.
A. The total direct materials variance is $5,000 unfavorable.
B. The total direct materials variance is $1,000 favorable.
C. The total direct materials variance is $5,000 favorable.
D. The total direct materials variance is $1,000 unfavorable.
Answer: B
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