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Craydye makes all sorts of moldings. Its standard quantity of material allowed is 1.1 foot of wood per 1 foot of molding at a standard

Craydye makes all sorts of moldings. Its standard quantity of material allowed is 1.1 foot of wood per 1 foot of molding at a standard price of $3.09 per foot. During August, it purchased 229,448 feet of wood at a cost of $3.9 per foot, which produced only 209,559 feet of molding. Calculate the materials price variance.

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