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Bob Corporation has material standards of 3.5 pounds per unit at $4.50 per pound. Actual materials purchased were 12,300 pounds at $4.25 per pound. Actual

Bob Corporation has material standards of 3.5 pounds per unit at $4.50 per pound. Actual materials purchased were 12,300 pounds at $4.25 per pound. Actual materials used were 11,750 pounds. There were 3,500 units made this month. What was the material quantity variance?

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