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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.3meters 17.20per meter The following

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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.3meters 17.20per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 8,100meters 141,345 7,600meters 1,400units

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