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Exeter Company has a materials standard of 1 pound per unit of output. Each pound...

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Accounting

Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $66,846 for 3,120 pounds, which it used to produce 3,000 units of product. What is the direct materials quantity variance?
Multiple Choice
$1,916 unfavorable
$4,420 favorable
$1,826 unfavorable
$3,240 unfovorable
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