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A Company has a material standard of 1.1 pounds per unit of output. Each pound has a standard price of $26 per pound. During July,

A Company has a material standard of 1.1 pounds per unit of output. Each pound has a standard price of $26 per pound. During July, A Company paid $118,800 for 5,100 pounds, which they used to produce 4,900 units. What is the direct materials quantity variance?

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