Question: Mark Corporation's standards for direct materials in making one unit of product are 2 pounds per unit at $0.50 per pound. Last month, 64,200 units
Mark Corporation's standards for direct materials in making one unit of product are 2 pounds per unit at $0.50 per pound. Last month, 64,200 units of product were made; the materials price variance was $7,000 Favorable; and the materials quantity variance was $5,000 Unfavorable.
c) What was the number of pounds of direct materials Mark used during the period?
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