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During August, 10,000 Pounds of Raw Material Were Purchased at a Cost

Question 57

Multiple Choice

During August, 10,000 pounds of raw material were purchased at a cost of $18.50 per pound. The direct material price variance was $1,000 favorable. What was the standard price per pound?


A) $18.60
B) $18.40
C) $17.60
D) $17.40

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