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During May, 6,000 Pounds of Raw Materials Were Purchased at a Cost

Question 80

Multiple Choice

During May, 6,000 pounds of raw materials were purchased at a cost of £2.60 per pound. If there was a favourable materials price variance of £900 for December, the standard cost per pound must be


A) £2.75.
B) £2.60.
C) £2.45.
D) none of the above.

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