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A company has established that 5 pounds of material J are needed to produce product Z at a cost per pound of $5. The company

A company has established that 5 pounds of material J are needed to produce product Z at a cost per pound of $5. The company produced 1,000 units of product Z, using 5,200 pounds of material J, which in total cost $9,880. The variation (variance) of quantity of raw material is?

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