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Harper Manufacturing Company uses a standard cost accounting system. During the current year, the company produced 28,000 units. Each unit took several pounds of direct
Harper Manufacturing Company uses a standard cost accounting system. During the current year, the company produced 28,000 units. Each unit took several pounds of direct materials. During the year, 52000 pounds of raw materials were purchased at $1.1 per pound. All materials purchased were used during the year.
If the materials price variance was $3260 favorable, what was the standard materials price per pound? Round your answer to 2 decimals
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