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The standard price for direct materials is $15 per pound. If a company purchased 45,000lbs of direct materials and the total cost of these materials

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The standard price for direct materials is $15 per pound. If a company purchased 45,000lbs of direct materials and the total cost of these materials was actually $710,000, what is the price variance of the direct materials? Select one: a. 515.77 per lb b. 5665,000U c. $35,000F d. $35,000U

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