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A company developed the following per-unit standards for its product: 2 pounds of direct materials...

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Accounting

A company developed the following per-unit standards for its product: 2 pounds of direct materials at $3.50 per pound. Last month, 2,000 pounds of direct materials were purchased for $6,000. The direct materials price variance for last month was

$15,000 unfavorable.

$6,000 favorable.

$1,000 favorable.

$3,000 favorable.

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