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Exercise 6-7 Coronado Gold manufactures award medals. In August, Coronado produced 6,000 medals, 105 more than expected. During the month, the company purchased 1,150 ounces

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Exercise 6-7 Coronado Gold manufactures award medals. In August, Coronado produced 6,000 medals, 105 more than expected. During the month, the company purchased 1,150 ounces of gold for $938,000 The standard price for the gold is $823 per ounce. The company actually used 979 ounces of gold for production. Calculate Coronado's direct materials price variance for the month. (If variance is zero, select "Not Applicable" and enter O for the amounts.) Direct material price variance$ Click if you would like to Show Work for this question: Open Show Work

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