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Lucas Company has set standards for the manufacturing of clay pots to be 2 pounds of direct materials, per pot. at a cost of $3
Lucas Company has set standards for the manufacturing of clay pots to be 2 pounds of direct materials, per pot. at a cost of $3 per pound. During the current period. 600 pounds of direct materials were purchased for $1.872. All of the direct materials were used to manufacture 295 pots. Lucas? direct materials price variance was
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