COST ACCOUNTING
STANDARD COSTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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, 500 pounds of direct materials were purchased for $5, 700. The direct materials price variance for last month was
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$5, 700 favorable.
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$300 favorable.
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$150 favorable.
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$300 unfavorable.
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Explanation:
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