A company uses 40,000 gallons of materials for which they paid $9.00 a gallon. The materials price variance was $80,000 favorable. What is the standard price per gallon?

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The Answer of A company uses 40,000 gallons of materials for which they paid $9.00 a gallon. The materials price variance was $80,000 favorable. What is the standard price per gallon?

A Company Uses 40,000 Gallons of Materials for Which They