The following materials standards have been established for a particular product: standard quantity per unit of output 5.1 meters standard price $ 17.90 per meter the following data pertain to operations concerning the product for the last month: actual materials purchased 7,700 meters actual cost of materials purchased $ 142,450 actual materials used in production 7,300 meters actual output 1,400 units what is the materials price variance for the month?
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The following materials standards have been established for a particular product: standard quantity...
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