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What was the actual price per pound of the iron

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Question - For 2009, PMD Inc. had set the following standards for production of metal tables: 35 pounds of iron at a standard cost of $2.60 per pound. During June the company produced 300 tables. The company bought 10, 625 pounds of iron at a cost of $25,500.

Required: What was the actual price per pound of the iron?

Reference no: EM131829398

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