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What was the company direct material price variance

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Reference no: EM133160752

Question - Information on Tulip Company's direct material costs follows:

Actual direct materials used 20,000 grams

Actual direct material costs $40,000

Standard price of direct materials $1.90 per gram

Direct material quantity variance $5,000

Required - What was the company's direct material price variance?

Reference no: EM133160752

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