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Baskets Inc. gathered the following actual results for the current month: Actual amounts: Units produced 5,200 Direct materials purchased and used (7,300 lbs.) $29,200 Budgeted
Baskets Inc. gathered the following actual results for the current month:
Actual amounts: Units produced 5,200 Direct materials purchased and used (7,300 lbs.) $29,200
Budgeted production and standard costs were:
Budgeted production 4,800 units Direct materials 1.5 lbs/unit at $3/lb.
What is the direct materials price variance?
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