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A company developed the following per-unit standards for its product: 2 gallons of direct materials...

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Accounting

A company developed the following per-unit standards for its product: 2 gallons of direct materials at $8 per gallon. Last month, 3600 gallons of direct materials were purchased for $27360. The direct materials price variance for last month was

 $1440 favorable.

$27360 favorable.

$1440 unfavorable.

$720 favorable.

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