Question: Five Rings, Inc, has collected the following data on one of its products: Direct materials standard (3 lbs.@ $ .75/b.) $2.25 per finished unit Total

Five Rings, Inc, has collected the following data on one of its products:

Direct materials standard (3 lbs.@ $ .75/b.) $2.25 per finished unit
Total direct materials cost variance unfavorable $11,200
Actual direct materials used 165,000 lbs
Actual finished units produced 33,000 units
The actual cost of the direct materials used is:

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