Question: How do you actually solve for this problem? An automobile parts company has a standard material price of $2.00 per pound. In October the company

How do you actually solve for this problem?

An automobile parts company has a standard material price of $2.00 per pound. In October the company produced 4,500 units using 6,000 pounds of material. The company experienced favorable materials quantity variance of $1,200. How much is the standard quantity of materials per unit produced?

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