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A company has established 5 pounds of Material at $2 per pound as the standard for the material in its Product Z. The company has

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A company has established 5 pounds of Material at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 5,200 pounds of Material that cost $9,880. The direct materials price variance is: $520 favorable. $400 favorable. $520 unfavorable. $400 unfavorable

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