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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

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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 has just produced 1,000 units of this product, using 5,200 pounds of Material J that cost $9,180.The direct materials price variance is: Multiple Choice $400 unfavorable. O $1,220 favorable. O $820 favorable. O $400 favorable. O $1,220 unfavorable

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