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Jack Company produces cashmere sweaters. According to the production standard, each sweater expect to consume 2 pounds of cashmere. The standard price of cashmere is

Jack Company produces cashmere sweaters. According to the production standard, each sweater expect to consume 2 pounds of cashmere. The standard price of cashmere is $2 per pounds. last week 2,550 pounds of cashmere were purchased at a total of $7,650, and 3,075 pounds were used to make 1,250 sweaters. what is direct material purchase price variance.

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