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Oxford Co. has a materials standard of 2.1 pounds per unit of output. Each pound...

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Accounting

Oxford Co. has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $10 per pound. During February, Oxford Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What is the direct materials quantity variance?

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