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A company uses 7900 pounds of materials and exceeds the standard by 200 pounds. The quantity variance is $1500 unfavorable. What is the standard price?

A company uses 7900 pounds of materials and exceeds the standard by 200 pounds. The quantity variance is $1500 unfavorable. What is the standard price? $7.5 Cannot be determined from the data provided. $5.0 $2.5

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