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What is the materials price variance for the month

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Reference no: EM132752476

The following data pertain to operations concerning the product for the last month:

Actual materials purchased 7,500 grams

Actual cost of materials purchased $141,375

Actual materials used in production 7,100 grams

Actual output 700 units

Problem 1: What is the materials price variance for the month?

Reference no: EM132752476

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