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Assume the following: The standard price per pound is $2.35. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The
Assume the following: The standard price per pound is $2.35. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased was 53.000 pounds, whereas the quantity of materials used in production was 50.900 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 $2,585 F $4.725 F $2.475 F $4.935 F
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