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A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month, 1,000 pounds of direct materials were purchased for $3,800. The direct materials price variance for last month was:

a. $3,800 favorable.

b. $200 favorable.

c. $100 favorable.

d. $200 unfavorable.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9416624

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