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Your Company makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system.
Your Company makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data: Number of units produced................ Material price variance...... Material quantity variance.............. 10,000 $8,000 Unfavorable $9,800 Favorable 21,000 pounds Actual direct material used.............. Direct materials standard price....... What is the standard for pounds per unit? 2.26 2.30 1.94 O 1.90 $5 per pound
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