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Georgia, Inc. has collected the following data on one of its products. The direct materials...

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Accounting

Georgia, Inc. has collected the following data on one of its products. The direct materials price variance is:

Direct materials standard (3 lbs @ $2/lb) $ 6 per finished unit
Total direct materials cost varianceunfavorable $ 23,750
Actual direct materials used 120,000 lbs
Actual finished units produced 30,000 units

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