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What is the direct materials price variance

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Question - A company developed the following per-unit standards for its product: 6 pounds of direct materials at $9 per pound. Last month, 23,000 pounds of direct materials were purchased for $194,350, and 21,000 pounds were used in production.

What is the direct materials price variance?

  • $11,550 unfavorable
  • $12,650 favorable
  • $11550 favorable
  • $12,650 unfavorable

Reference no: EM131680109

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