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What the direct materials price variance for last month was

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Reference no: EM132809136

Problem 1: A company developed the following per-unit standards for its product: 2 pounds of direct materials at $10per pound. Last month, 3500 pounds of direct materials were purchased for $13300. The direct materials price variance for last month was

option 1: $21700 favorable.

option 2: $13300 favorable.

option 3: $21700 unfavorable.

option 4: $10850 favorable.

Reference no: EM132809136

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