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Gabby Gold Limited has set the standard price of direct materials to be $0.35 per unit. However, the actual price of input this year was

Gabby Gold Limited has set the standard price of direct materials to be $0.35 per unit. However, the actual price of input this year was $0.45 per unit. If the company purchased a total of 295,000 units of direct materials, what is the price variance?

Price variance:

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