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All Waterway Industries produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Waterway purchased 3800 pounds of material for

All Waterway Industries produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Waterway purchased 3800 pounds of material for $12768 and used the material to produce 100 products. What was the materials price variance for December?

answer is 532 favorable

why it is favorable?

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