Assume the following: • The standard price per pound is $2.00. • The standard quantity of pounds allowed per unit of fin

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Assume The Following The Standard Price Per Pound Is 2 00 The Standard Quantity Of Pounds Allowed Per Unit Of Fin 1 (62.68 KiB) Viewed 10 times

Assume the following: • The standard price per pound is $2.00. • 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 50,700 pounds. • The actual purchase price per pound of materials was $2.35. • The company produced 13,000 units of finished goods during the period. What is the materials price variance?

Multiple Choice O O O $17,745 U $17,745 F $18,252 U $18,252 F