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How to compute the direct material price variance

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Reference no: EM132587424

The company manufactures a product using a special alloy. Each unit of product should require 2 5 feet of alloy. The standard cost of alloy is $1.75 per foot.

During the month 28,260 units of product were manufactured, requiring 71,310 feet of alloy at a cost of $1.72 per foot.

Question 1: Compute the direct material price variance?

Reference no: EM132587424

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