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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 4 pounds. The
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 50,600 pounds. The actual purchase price per pound of materials was $2.15. The company produced 13,000 units of finished goods during the period. What is the materials price variance? Multiple Choice O O O $7,590 U $7,590 F $8,096 U $8,096 F
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