A company developed the following per unit materials standards for its product: 3 gallons of...
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Accounting
A company developed the following per unit materials standards for its product: 3 gallons of direct materials at $5 per gallon. If 2,000 units of product were produced last month and 5,750 gallons of direct materials were used, the direct materials quantity variance was:
a.
$750 favorable
b.
$1,250 favorable
c.
$7,500 favorable
d.
$11,250 favorable.
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