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All Vaughn Manufacturing produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Vaughn purchased 3700 pounds of material for

All Vaughn Manufacturing produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Vaughn purchased 3700 pounds of material for $12432 and used the material to produce 300 products. What was the materials price variance for December?

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