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please help:- Hanson Inc. has the following direct material standard to manufacture one unit: Standard Quantity = 6 pounds per unit Standard Price = $16
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Hanson Inc. has the following direct material standard to manufacture one unit: Standard Quantity = 6 pounds per unit Standard Price = $16 per pound Last week 3,000 pounds of material were used to make 400 units. The actual price/unit is $12. Calculate DM price variance. Indicate whether it is favorable or unfavorable. Show your calculations Step by Step Solution
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