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Information about direct materials cost follows for a local company: Standard price per materials gram Actual quantity used Standard quantity allowed for production Price variance

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Information about direct materials cost follows for a local company: Standard price per materials gram Actual quantity used Standard quantity allowed for production Price variance $ 16 2,650 grams 2,800 grams $15,900 F Required: What was the actual purchase price per gram? Actual purchase price per gram

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