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3. Assume that the standard cost to make one unit of product includes 10 units of raw materials at a price of $2 per unit.

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3. Assume that the standard cost to make one unit of product includes 10 units of raw materials at a price of $2 per unit. In Aug, 24,000 units of raw materials were purchased for $55,600, and 21,500 units of raw materials were used to produce 2,000 units of finished product. What is the materials quantity variance

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