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The Peking Palace reported the following: Standard quantity per unit 3 lbs Standard price per pound $2.75 Actual pounds used 15,000 lbs Actual price per

The Peking Palace reported the following:

Standard quantity per unit 3 lbs
Standard price per pound $2.75
Actual pounds used 15,000 lbs
Actual price per pound $2.90
Number of units produced 5,070

Determine the total direct materials cost variance

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