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Sheridan Enterprises purchased 60,000 gallons of direct materials during the year at a price of $ 2.50 per gallon. Sheridan's direct materials price variance was
Sheridan Enterprises purchased 60,000 gallons of direct materials during the year at a price of $ 2.50 per gallon. Sheridan's direct materials price variance was $2,400 Favorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, c.8. 15.25.) $ /gal Standard price
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