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Quantile Corporation has the following standards for its direct materials: Standard cost: $3.80 per pound Standard quantity: 6.00 pounds per product During the most recent
Quantile Corporation has the following standards for its direct materials:
- Standard cost: $3.80 per pound
- Standard quantity: 6.00 pounds per product
During the most recent month, the company purchased and used 33,900 pounds of material in manufacturing 5,600 products, at a total cost of $131,900. Compute the materials quantity variance.
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