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ABC Company's standard price for raw materials #123 is $8 per gallon. During the month of January, ABC purchased 12,000 gallons of raw materials #123

ABC Company's standard price for raw materials #123 is $8 per gallon. During the month of January, ABC purchased 12,000 gallons of raw materials #123 at $8.25 per gallon and used 10,500 gallons. ABC's raw materials purchase price variance for January = $

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