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Business, 07.03.2020 00:38 Rainbowface33

Oliver Enterprises has collected the following data for one of its products: Direct materials standard (5 pounds per unit @ $ 0.57/lb.) $ 2.85 per finished good Actual direct materials purchased 36 comma 000 pounds Actual Direct Materials Used (AQU) 30 comma 000 pounds Actual Price (AP) paid per pound $ 0.64 How much is the direct materials price variance?

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