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  3. . the actual cost of direct materials is $51.30 pe

. The actual cost of direct materials is $51.30 per pound. The standard cost per...

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Accounting

. The actual cost of direct materials is $51.30 per pound. The standard cost per pound is $55.00. During the current period, 7,240 pounds were used in production. The standard quantity for actual units produced is 7,000 pounds. How much is the direct materials price variance?

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