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A manufacturing company has a standard quantity of direct materials of 7 pounds per unit.... A manufacturing company has a standard quantity of direct materials
A manufacturing company has a standard quantity of direct materials of 7 pounds per unit....
A manufacturing company has a standard quantity of direct materials of 7 pounds per unit at a standard price of $2.20 per pound. In April the actual material price was $2.40 per pound and the company produced 5, 500 units. If the company experienced a favorable material quantity variance of $6, 600 during the month. how much was the actual quantity of material used? A. 35, 500 pounds B. 32, 542 pounds C. 38, 500 pounds D. 41, 500 poundsStep by Step Solution
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