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What is the direct materials price variance

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Reference no: EM132001081

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

Actual costs 4,649 pounds at $5.20

Standard costs 4,424 pounds at $6.30

What is the direct materials price variance?

$5,114 unfavorable

$5,114 favorable

$1,418 favorable

Reference no: EM132001081

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