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Calculate Yolo materials price variance for the month

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Reference no: EM133094331

Question - Yolo Inc.'s standard quantity per unit of output is 9.4kg at a standard price of $16.90/kg. For the month of October, Yolo actually purchased 7,300kg of materials at an actual cost of $116,435. They actually used 7,100kg of materials in the production process and created 740 units. Please calculate Yolo materials price variance for the month.

Reference no: EM133094331

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