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What is the material price variance

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Question - White Company manufactures a single product, the AZQR. The standards for materials for each unit have been set as 5 pounds of KR- 27 at a standard cost of $35.00 per pound. During May, the company purchased 500 pounds and used 512 pounds of KR-27 to make 100 units of the AZQR. White paid $32.00 per pound for the material. What is the material price variance?

Reference no: EM133076981

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