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26. During May, 6,000 pounds of raw materials were purchased at a cost of 2.60 per pound. If there was a favourable materials price variance

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26. During May, 6,000 pounds of raw materials were purchased at a cost of 2.60 per pound. If there was a favourable materials price variance of 900 for December, the standard cost per pound must be a. 2.75. b. 2.60. c. 2.45

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