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Question 1: Oriole Company has a materials price standard of $2.40 per kilogram. 3930 kilograms of materials were purchased at $2.30 a kilogram. The actual quantity of materials used was 3570 kilograms, although the standard quantity allowed for the output was 3470 kilograms. Oriole Company's materials price variance for materials purchased is
Option a) $393 U.
Option b) $393 F.
Option c) $357 U.
Option d) $293 F.
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