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An automobile parts company has a standard material price of $4 per pound. In October the company produced 9,000 units using 12,000 pounds of material.

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An automobile parts company has a standard material price of $4 per pound. In October the company produced 9,000 units using 12,000 pounds of material. The company experienced a favorable materials quantity variance of $2,400. How much is the standard quantity of materials per unit? 1.20 pounds 1.40 pounds 2.40 pounds 1.47 pounds

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