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A company has established 6 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 6 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,300 units of this product, using 8,000 pounds of Material J that cost $15,280. The direct materials quantity variance is: Multiple Choice $320 favorable. $720 favorable $400 favorable. $720 unfavorable. $400 unfavorable

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