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TinkInc. produces fairy wands which contain the key ingredient of pixy dust. 3 grams of pixy dust. Each fairy wand is budgeted to use at a price of $2.00 per gram. During the quarter, 22,000 grams were purchased for $2.10 per gram, while only 20,000 grams were used in production to produce 7,000 fairy wands.
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