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How much is the direct materials price variance

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Reference no: EM132982264

Problem - Sunny Corporation has collected the following data for one of its products:

Direct materials standard (3 pounds per unit @ $0.47/lb.) $1.41 per finished good

Actual direct materials purchased 39,000 pounds

Actual Direct Materials Used (AQU) 30,000 pounds

Actual Price (AP) paid per pound $0.60

Required - How much is the direct materials price variance?

Reference no: EM132982264

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