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Determine the direct-material price variance

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Question - Joiner Corporation recently purchased 41,000 gallons of direct material at $6.50 per gallon. Usage by the end of the period amounted to 39,000 gallons. If the standard cost is $7.30 per gallon and the company believes in computing variances at the earliest point possible, determine the direct-material price variance?

Reference no: EM133176697

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