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QUESTION
The standard materials cost to produce 1 unit of product R is 5 pounds of material at a standard price of $40 per pound.
The standard materials cost to produce 1 unit of product R is 5 pounds of material at a standard price of $40 per pound. In manufacturing 7,000 units, 34,000 pounds of material were used at a cost of $41per pound. What is the total direct materials cost variance?
