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The following materials standards have been established for a particular product: Standard quantity per unit...

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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.4 pounds $13.20 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,800 pounds $62,880 . 4,300 pounds 700 units direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month

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