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Oxford Company has a materials standard of $ 2 . 3 0 pounds per unit of output. Each pound has a standard price of $

Oxford Company has a materials standard of $2.30 pounds per unit of output. Each pound has a standard price of $30 per pound. During February, Oxford Company paid $55,240 for 4,810 pounds at $31 per pound, which were used to produce 2,400 units. What is the direct materials quantity variance?

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