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ABC Company budgeted 2,500 pounds of direct materials costing $32.00 per pound to make1,250 units of product. The company actually used 2,400 pounds costing $35.50

ABC Company budgeted 2,500 pounds of direct materials costing $32.00 per pound to make1,250 units of product. The company actually used 2,400 pounds costing $35.50 per pound to make the 1,250 units. What is the direct materials price variance?

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