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Joiner Corporation recently purchased 27,000 gallons of direct material at $5.80 per gallon. Usage by the end of the period amounted to 25,000 gallons. If

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Joiner Corporation recently purchased 27,000 gallons of direct material at $5.80 per gallon. Usage by the end of the period amounted to 25,000 gallons. If the standard cost is $6.40 per gallon and the company believes in computing variances at the earliest point possible, the direct.material price variance would be calculated as

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