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Perez, Inc, recently completed 45,000 units of a product that was expected to consume five pounds of direct material per finished unit. The standard price

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Perez, Inc, recently completed 45,000 units of a product that was expected to consume five pounds of direct material per finished unit. The standard price of the direct material was $5.50 per pound. If the firm purchased and consumed 233,000 pounds in manufacturing (cost =$1,213,900), the direct-material quantity variance would be figured as

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