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Assume that the standard cost to make one unit of product includes 15 pounds of...

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Accounting

Assume that the standard cost to make one unit of product includes 15 pounds of raw materials at a price of $3 per unit. In July, 34,000 pounds of raw materials were purchased for $100,800, and 30,600 pounds of raw materials were used to produce 2,000 units of finished product. What is the materials quantity variance?

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