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The standard quantity of materials for a product was 40 pounds per unit at the standard price of $2.00 per pound. The actual price per pound of materials was $1.50, and the actual quantity used was 44 pounds. An analysis would indicate a:

a. $20.00 favorable price variance.

b. $22.00 favorable price variance.

c. $6.00 unfavorable quantity variance.

d. $18.00 favorable price variance.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M952993

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