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Summerlin Company budgeted 5,000 pounds of material costing $7.00 per pound to produce 2,500 units. The company actually used 5,500 pounds that cost $7.10 per

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Summerlin Company budgeted 5,000 pounds of material costing $7.00 per pound to produce 2,500 units. The company actually used 5,500 pounds that cost $7.10 per pound to produce 2,500 units. What is the direct materials price variance? Multiple Choice 0 $4,050 unfavorable. $3,500 unfavorable. $500 unfavorable. $550 unfavorable. $3,550 unfavorable

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