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XYZ Company purchases materials to produce its product. For each unit produced the company expects to use 4 pounds of material at a cost of
XYZ Company purchases materials to produce its product. For each unit produced the company expects to use 4 pounds of material at a cost of $2.25 per pound. During the month, the company purchased 40,000 pounds of material for $94,000, and used the 40,000 pounds of material to produce 10,200 units. What was the price variance for direct material for the month? The quantity variance for direct material for the month was
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