Fletcher company collected the following data regarding, Accounting Basics

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Fletcher company collected the following data regarding

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials price variance.

Direct materials standard (6 lbs. @ $2/lb.)	$12 per finished unit
Actual direct materials used	243,000 lbs.
Actual finished units produced	40,000 units
Actual cost of direct materials used	$483,570

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Accounting Basics: Fletcher company collected the following data regarding

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