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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