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Assume the following: The standard price per pound is $2.20. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The
Assume the following: The standard price per pound is $2.20. 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 51,000 pounds. The actual purchase price per pound of materials was $2.25. The company produced 13,000 units of finished goods during the period. What is the materials quantity variance? Multiple Choice $2,200 U $2,200 F $2,250 U $2,250 F
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