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A company has determined that the standard for materials is 10 ft2 at $5 per square foot. If a process produces 1000 units and uses

  1. A company has determined that the standard for materials is 10 ft2 at $5 per square foot. If a process produces 1000 units and uses 11ft2 per unit at $5.30 per square foot, the materials price variance is
    1. $3300 unfavorable
    2. $3300 favorable
    3. $3000 unfavorable
    4. None of the above

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