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Dana, Inc. recently completed 56,000 units of a product that was expected to consume 4...

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Accounting

Dana, Inc. recently completed 56,000 units of a product that was expected to consume 4 pounds of direct material per

finished unit. The standard price of the direct material was $8.50 per pound. If the firm purchased and consumed

228,000 pounds in manufacturing (cost = $1,881,000), the direct-material quantity variance would be (with steps)

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