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The Villegas Company uses standard costing. The following data are available for May:
Actual quantity of direct materials used 23,500 pounds
Standard price of direct materials P2 per round
Material quantity variance P1,000 unfavorable
Question 1: What is the standard quantity of materials allowed for May production?
a. 23,000 pounds
b. 24,000 pounds
c. 24,500 pounds
d. 25,000 pounds
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