What was the direct material price variance for the month

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Question - Last month, the amount of direct material purchased by Johnathan, SRL for the manufacture of its clips was the same as the amount used, 51,000 square yards. The standard amount for the month's output was 54,300 square yards and the direct material quantity variance was $8,085 Favorable. If $120,927 was paid for the direct material, what was the direct material price variance for the month?

Reference no: EM131736313

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