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Hushovd Iron Works has collected the following data for its Thunderbolt line of products: Direct materials standard Direct materials standard cost Actual material purchased cost
Hushovd Iron Works has collected the following data for its Thunderbolt line of products: Direct materials standard Direct materials standard cost Actual material purchased cost Actual direct materials purchased Actual Quantity (AQ) of Direct Materials Used (AQU) Actual finished goods produced What is the direct material price variance? 14 pounds per unit $0.50 per pound $0.95 per pound 60,000 pounds 15,000 pounds 4,100 units A. $6,750 unfavorable B. $27,000 unfavorable C. $6,750 favorable D. $27,000 favorable
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