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A company has established 6 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 6 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,000 units of this product, using 6,200 pounds of Material J that cost $17,680.The direct materials price variance is: Multiple Choice $320 favorable $600 favorable $920 favorable. $920 unfavorable. $600 unfavorable

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