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3. CoronadoEnterprises purchased50,000gallons of direct materials during the year at a price of $2.00per gallon.Coronado's direct materials price variance was $4,000Favorable. Calculate the standard price

3.CoronadoEnterprises purchased50,000gallons of direct materials during the year at a price of $2.00per gallon.Coronado's direct materials price variance was $4,000Favorable.

Calculate the standard price per gallon of direct materials.(Round answer to 2 decimal places, e.g. 15.25.)

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