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Bonita Enterprises purchased 54,000 gallons of direct materials during the year at a price of...

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Accounting

Bonita Enterprises purchased 54,000 gallons of direct materials during the year at a price of $2.00 per gallon. Bonita's direct materials price variance was $5,400 Favorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, e.g. 15.25.)

Standard price: FILL IN

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