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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 .

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, 400

units of this product, using

7, 200

pounds of Material J that cost $

13, 780 .

The direct materials price variance is

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