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A company provides the following data for material costs: Standard cost per unit 3 pounds at $2 per unit Actual cost per unit 2.5 pounds

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A company provides the following data for material costs: Standard cost per unit 3 pounds at $2 per unit Actual cost per unit 2.5 pounds at $3 per unit 5,000 pounds of raw materials were purchased during the month. What is the direct material price variance? $5,000 unfavorable $15,000 favorable $5,000 favorable $10,000 unfavorable

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