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A company has established 5 pounds of Material J at $3 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 $3 per pound as the standard for the material in its Product Z. The company has just produced 1,500 units of this product, using 7700 pounds of MaterialJ that cost $21,980. The direct materials quantity variance is: Multiple Choice $1,120 unfavorable $600 favorable. $600 unfavorable. $520 favorable. $1,120 favorable

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