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heManuel Company is assessing its material purchases for the past fiscal year. Manuel produces aluminum wheels and buys aluminum in pounds. The Company reported the

heManuel Company is assessing its material purchases for the past fiscal year. Manuel produces aluminum wheels and buys aluminum in pounds. The Company reported the following information:

Standard Materials Used8,000 pounds

Actual Materials Used9,000 pounds

Standard cost per pound$8

Actual cost per pound$7

What was the direct materialspricevariance?

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