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  3. Study Set
    Management Accounting for Business
  4. Exam
    Exam 11: Standard Costing and Variance Analysis
  5. Question
    During December, 6,000 Pounds of Raw Materials Were Purchased at a Cost
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During December, 6,000 Pounds of Raw Materials Were Purchased at a Cost

Question 38

Question 38

Multiple Choice

During December, 6,000 pounds of raw materials were purchased at a cost of £16 per pound. If there was an unfavorable materials price variance of £6,000 for December, the standard cost per pound must be


A) £17
B) £16
C) £15
D) none of the above

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