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A company has the following information available about one of its products:
Standard price per pound of input ?
Actual price per pound of input $27
Standard inputs per unit of output 3 pounds
Actual units of output 3,000
Direct Materials Price Variance $18,000 F
Actual pounds of input used 9,000
What is the standard price per pound of input?
A) $25
B) $27
C) $29
D) $33
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