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What is the direct materials price variance

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Question - The following data relate to direct materials costs for November:

Actual costs                                 51,000 pounds at $5.05

Standard costs                            50,000 pounds at $5.00

What is the direct materials price variance?

A. $50 unfavorable

B. $2,550 favorable

C. $2,550 unfavorable

D. $7,550 unfavorable

Reference no: EM131763529

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