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The production of 48,500 bags of wheat chips required a 780,000 pounds of rice at an actual cost of $1.50 per pound. The standard quantity
The production of 48,500 bags of wheat chips required a 780,000 pounds of rice at an actual cost of $1.50 per pound. The standard quantity allowed for the production of 48,500 bag is 873,000 pounds of wheat at a standard cost of one dollar per pound. The direct materials quantity variance is what
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