Business, 12.08.2020 04:01, michneidredep7427
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.5 meters Standard price $17.40 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 7,000 meters Actual cost of materials purchased $124,250 Actual materials used in production 6,500 meters Actual output 1,420 units What is the materials price variance for the month?
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