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What is the materials price variance for the month

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Reference no: EM132757310

Question: The following materials standards have been established for a product:

Standard quantity per unit of output 6.8metres Standard price $17.10 per metre

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

Actual materials purchased 9,000metres Actual cost of materials purchased $156,600 Actual materials used in production 8,500 metres Actual output 1,200units

What is the materials price variance for the month?

Reference no: EM132757310

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