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A company developed the following per - unit standards for its product: 2 pounds of direct materials at $ 8 . 0 0 per pound.

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A company developed the following per-unit standards for its product: 2 pounds of direct materials at $8.00 per pound. Last month, 2000 pounds of direct materials were purchased for $5700 and entered into production. The direct materials price variance for last month was
$5150 favorable.
$5700 favorable.
$10300 favorable.
$10300 unfavorable.
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