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Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is: Direct materials standard (2 lbs @ $2/lb)

Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is:
Direct materials standard (2 lbs @ $2/lb) $4 per finished unit
Total direct materials cost varianceunfavorable $17,750
Actual direct materials used 60,000 lbs.
Actual finished units produced 20,000 units

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