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Business, 06.05.2021 19:00 destinybowers18

Assume the following: The actual price per pound is $2.25. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,000 pounds. The materials price variance is $12,500 U. The company produced 13,000 units of finished goods during the period. What is the standard price per pound for direct materials

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