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Compute the direct material price variance

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Question - Compute the direct material price variance

Finished units: Planned = 10,000; Actual = 7,500

Actual material purchases: 30,000 pounds for $102,000

Actual material used in production = 22,500 pounds

To produce each finished unit, the company expects to use 3.2 pounds of material at a cost per pound of $3.50.

Reference no: EM133053527

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