Perez, Inc. recently completed 62,000 units of a product that was expected to consume 4...
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Perez, Inc. recently completed 62,000 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 $7.50 per pound. If the firm purchased and consumed 251,000 pounds in manufacturing (cost = $1,824,600), the direct-material quantity variance would be figured as:
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