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The Max Company has the following standards for raw materials used in the production of the company's only product. Raw Material Standards = $15/unit with

The Max Company has the following standards for raw materials used in the production of the company's only product. Raw Material Standards = $15/unit with 100 units required for production. The actual results were:Actual Price = $14.91/unit for 150 units purchased and 107 used in production. Using the above information the materials quantity variance is

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