Given the following information. Price variance: 12,000 F Usage variance: 9,000 F The standard cost for material is $2 per pound and three pounds per unit

Given the following information. Price variance: 12,000 F Usage variance: 9,000 F The standard cost for material is $2 per pound and three pounds per unit. 20,000 units were produced. The purchase price variance was .20 per pound.

REQUIRED: Calculate A .Pounds purchased B. Pounds used
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