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the gorman company has established standards as follows. direct materials 3 lbs . @ 7 / lb . = $ 2 1 per unit direct
the gorman company has established standards as follows. direct materials lbs @ lb $ per unit direct labor hrs @ $hr $ per unitActual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units producedDirect materials used lbsDirect materials purchased lbs $Direct labor costs hrs $The actual price of direct materials paid by Gorman was?
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