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Figure 17-3
Tuvok Ltd -Refer to Figure 17-3

question 50

Multiple Choice

Figure 17-3
Tuvok Ltd. has developed the following standards for one of its products:  Standard cost of materials £0.50 per pound  Materials purchased and used 20,000 pounds  Total paid to suppliers £11,000 Standard quantity allowed 18,000 pounds \begin{array}{ll}\text { Standard cost of materials } & £ 0.50 \text { per pound } \\\text { Materials purchased and used } & 20,000 \text { pounds } \\\text { Total paid to suppliers } & £ 11,000 \\\text { Standard quantity allowed } & 18,000 \text { pounds }\end{array}
-Refer to Figure 17-3. Tuvok's material price variance is


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