Materials price standard, Stiner Company has a materials

Materials price standard

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Reference no: EM13790601

Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.Stiner Company's materials price variance is

$1,000 U.

$900 U.

$100 U.

$1,000 F.

Reference no: EM13790601

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