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Assume the following: .. The standard price per pound is $2.00. . The standard quantity of pounds allowed per unit of finished goods is
Assume the following: .. The standard price per pound is $2.00. . The standard quantity of pounds allowed per unit of finished goods is 4 pounds. .The actual quantity of materials purchased and used in production is 50,000 pounds. . The materials price variance is $8,000 U. . The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materials is closest to:
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