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Elkton Corporation utilizes a budget to measure financial performance. For May 2017, Elkton had planned on producing 12,000 units. The monthly cost formula for raw

Elkton Corporation utilizes a budget to measure financial performance. For May 2017, Elkton had planned on producing 12,000 units. The monthly cost formula for raw material is: $2.75 per unit. Elkton's May 2017 spending variance was $600 favorable. What was the actual cost of Elkton's raw material for May 2017?

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