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All Urban Company Produces a Product Requiring 4 Pounds of Material

Question 161

Multiple Choice

All Urban Company produces a product requiring 4 pounds of material costing $3.50 per pound. During December All Urban purchased 4200 pounds of material for $14112 and used the material to produce 500 products. What was the materials price variance for December?


A) $560 F
B) $588 F
C) $112 U
D) $672 U

Correct Answer:

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