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A company purchases 20000 pounds of materials. The materials price variance is $6000 favorable. What is the difference between the standard price and the actual

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A company purchases 20000 pounds of materials. The materials price variance is $6000 favorable. What is the difference between the standard price and the actual price paid for the materials? $0.30 Cannot be determined from the data provided. $1.00 $3.33

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