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A company has the following information available about one of its products: Standard...

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Question

Accounting

A company has the following information available about one of its products:

Standard price per pound of input ?

Actual price per pound of input $27

Standard inputs per unit of output 3 pounds

Actual units of output 3,000

Direct Materials Price Variance $18,000 F

Actual pounds of input used 9,000

What is the standard price per pound of input?

A) $25

B) $27

C) $29

D) $33

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