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A company developed the following per unit standards for its products: 2 pounds of direct materials at $ 6 per pound. Last month, 1 2

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A company developed the following per unit standards for its products: 2 pounds of direct materials at $6 per pound. Last month, 1280 Ibs of direct materials were purchased for $7552. The direct materials price variance for last month was
$7552 favorable.
$64 favorable.
$128 unfavorable.
$128 favorable.
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