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Morton Corporation has the following data relate to direct materials costs for September: actual cost for 8,000 pounds of material at $5.30 per pound and

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Morton Corporation has the following data relate to direct materials costs for September: actual cost for 8,000 pounds of material at $5.30 per pound and standard cost for 7,600 pounds of material at $5.42 per pound. The direct materials price variance is

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