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16. A standard cost card reveals that one unit of Product A needs 2 kg of material X at $10 per kg. During February 800

16. A standard cost card reveals that one unit of Product A needs 2 kg of material X at $10 per kg. During February 800 units of Product A were produced. Actual price paid for material X is $9 per kg and total cost $15,300. Determine material cost variance.

a. $700 favorable b. $700 unfavorable c. Inadequate data d. None of the above

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