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Information for the Happy Hula Hoop Company is as follows: Standard Actual Quantity of input purchased (kg) 4,100 3,900 Price per kg $2.55 $2.75 Required:

Information for the Happy Hula Hoop Company is as follows:

	Standard	Actual
Quantity of input purchased (kg)	4,100	3,900
Price per kg	$2.55	$2.75

Required:

Calculate the material price variance [(actual price standard price) x actual quantity].

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