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Determine the oriole company materials price variance

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Question - Oriole Company has a materials price standard of $2.40 per kilogram. 3930 kilograms of materials were purchased at $2.30 a kilogram. The actual quantity of materials used was 3570 kilograms, although the standard quantity allowed for the output was 3470 kilograms. Determine the Oriole Company's materials price variance?

Reference no: EM132986230

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