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A company uses 7400 pounds of materials and exceeds the standard by 400 pounds. The quantity variance is $1200 unfavorable. What is the standard price?

A company uses 7400 pounds of materials and exceeds the standard by 400 pounds. The quantity variance is $1200 unfavorable. What is the standard price? $1.0 Cannot be determined from the data provided. $2.0 $3.0

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