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Abigail Corporation produces a product that has a standard materials cost of three pounds of raw materials at $ 5 . 0 0 per pound.

Abigail Corporation produces a product that has a standard materials cost of three pounds of raw materials at $5.00 per pound. During February, 7,500 pounds of raw materials costing $5.40 per pound were used in making 2,900 units. Calculate Abigails direct materials price variance.

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