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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 1,200 units of this product, using 6,100 pounds of Material J that cost $11,380.The direct materials price variance is

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