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Business, 08.04.2021 16:30 kanajahbunn

The following materials standards have been established for a particular product: Standard quantity per unit of output 5.3 meters Standard price $19.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 9,300 meters Actual cost of materials purchased $188,140 Actual materials used in production 8,700 meters Actual output 1,600 units What is the materials price variance for the month

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