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Oxford Company has a materials standard of $2.26 pounds per unit of output. Each pound has a standard price of $26 per pound. During February,

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Oxford Company has a materials standard of $2.26 pounds per unit of output. Each pound has a standard price of $26 per pound. During February, Oxford Company paid $54,840 for 4,870 pounds at $27 per pound, which were used to produce 2,430 units. What is the direct materials quantity variance

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