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A company developed the following per-unit standards for its prodtct: 2 pounds of direct materials at $8.00 per pound. Last month. 4000 pounds of direct

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A company developed the following per-unit standards for its prodtct: 2 pounds of direct materials at $8.00 per pound. Last month. 4000 pounds of direct materials were purchased for $7600 and entered into production. The direct materials price variance for last month was $7600 favorable. $24400 favorable. $24400 unfavorable. $12200 favorable

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