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Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound...

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Accounting

Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $18 per pound. During February, Oxford Co. paid $57,800 for 4,920 pounds, which were used to produce 2,450 units. What is the direct materials price variance? (Do not round your intermediate calculations.)

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