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What is the difference between the standard and actual price

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Reference no: EM132740856

Problem 1: Alpha Company purchases 20,000 pounds of materials. The materials price variance is $4,000 favorable. What is the difference between the standard and actual price paid for the materials?

A) $1.00

B) $0.20

C) $.50

D) Cannot be determined from the data provided.

E) $5.00

Reference no: EM132740856

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