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A company reports these cost data: Actual Results Total cost of purchasing material: $80,000 Number of material pounds used in production: 9,500 Number of units
A company reports these cost data: Actual Results Total cost of purchasing material: $80,000 Number of material pounds used in production: 9,500 Number of units produced: 400 Number of material pounds purchased: 6,000 The company has established these standards: Price per pound of materials: $12.00 Number of pounds of material to produce one unit: 25 What is the materials quantity variance
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