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Lemke Industries purchased and consumed 7 2 , 0 0 0 gallons of direct material that was used in the production of 1 5 ,
Lemke Industries purchased and consumed gallons of direct material that was used in the production of finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of five gallons. If the material price variance is $U and the material quantity variance is $F what is the actual price paid for a gallon of direct material?
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