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

A company has established 5 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,100 units of this product, using 5,700 pounds of Material J that cost $10,680.The direct materials price variance is: Multiple Choice $720 unfavorable. $400 favorable. $320 favorable

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