Exeter has a materials standard of 1 pound per unit of output. Each pound has...
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Accounting
Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $136,000 for 4,980 pounds, which it used to produce 4,790 units. What is the direct materials price variance?
Multiple Choice
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$11,460 unfavorable
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$5,620 favorable
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$6,520 unfavorable
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$17,080 unfavorable
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