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A company completed 10,000 units and used 38,000 pounds of 1 point material. The standard requires 4 pounds of material for each unit at $1.25

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A company completed 10,000 units and used 38,000 pounds of 1 point material. The standard requires 4 pounds of material for each unit at $1.25 per pound. The company purchased 41,000 pounds for $49,000. Calculate the material price variance and material usage variance

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