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QUESTION
The standard direct material cost to produce a unit of Lem is 4 meters of material at $2.50 per meter.
The standard direct material cost to produce a unit of Lem is 4 meters of material at $2.50 per meter. During May 2005, 4,200 meters of material costing $10,080 were purchased and used to produce 1,000 units of Lem.What was the material price variance for May 2005?$400 favorable.$420 favorable.$80 unfavorable.$480 unfavorable.
