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Hollingsworth Iron Works has collected the following data for its Thunderbolt line of products: Direct materials standard 10 pounds per unit Direct materials standard Eost

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Hollingsworth Iron Works has collected the following data for its Thunderbolt line of products: Direct materials standard 10 pounds per unit Direct materials standard Eost $0.75 per pound Actual material purchased cost $0.85 per pound Actual direct materials purchased & used 40.000 pounds Actual finished goods produced 4,500 units What is the direct material quantity variance

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