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What the concord corporation total materials variance

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Problem - Concord Corporation has a materials price standard of $2.00 per pound. 4300 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4300 pounds, although the standard quantity allowed for the output was 3700 pounds. What the Concord Corporation's total materials variance?

Reference no: EM132937525

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