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Casivant Corporation makes a product that uses a material with the following direct material standards:...

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Accounting

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Casivant Corporation makes a product that uses a material with the following direct material standards: Standard quantity 3.8 pounds per unit standard price $4.00 per pound The company produced 7,300 units in November using 28,710 pounds of the material. During the month, the company purchased 30,800 pounds of the direct material at a total cost of $117,040. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for November is

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