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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased Standard price of direct materials

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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials purchased Standard price of direct materials Material price variance Material quantity variance 20,000 pounds $3.00 per pound $ 2,000 Unfavorable $ 4,000 Favorable The actual price per pound of direct materials purchased in June was

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