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Find the materials price variance for july

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Reference no: EM132811280

Problem 1: The ABC Company has a standard cost system. In July the company purchased and used 18,200 pounds of direct material at an actual cost of $52,000; the materials quantity variance was $1,400 Unfavorable; and the standard quantity of materials allowed for July production was 19,215 pounds. Compute the materials price variance for July.

Reference no: EM132811280

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