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What is the standard quantity of materials for the period

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Reference no: EM132949013

Your Company has a standard costing system. The following data are available for June:

Actual quantity of direct materials purchased: 35,000 pounds

Standard price of direct materials: $4 per pound

Standard quantity per unit: 4.5 pounds

Material price variance: $7,000 unfavorable

Material quantity variance: $4,200 favorable

Problem 1: What is the standard quantity of materials for the period?

Reference no: EM132949013

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