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Given for XM Company the following data for January 20X1. Direct material purchased and used in production accounted for $ 100000 Units purchased 10000 The

Given for XM Company the following data for January 20X1.
Direct material purchased and used in production accounted for $ 100000
Units purchased 10000
The standard units 10200
Managers estimate price variance not to exceed 2% of the (actual units X standard price) as unfavorable variance.

The standard price should be

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