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

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Accounting

The following materials standards have been established for a particular product: Standard quantity per unit of output: 1.7 meters Standard Price: $19.80 per meter. The following data pertain to operations concerning the product for the last month: Actual materials purchased 5,800 meters Actual cost of materials purchased $113,680 Actual materials used in production 5,100 meters Actual output 3,200 units

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