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M&Ms LLC has the following information for March: Actual Costs for 5,000 pounds of material @ 4.50 each $22,500 Standard Costs for 4,800 pounds of

M&Ms LLC has the following information for March:

Actual Costs for 5,000 pounds of material @ 4.50 each $22,500

Standard Costs for 4,800 pounds of material @ $5.10 each $24,480

Calculate the Direct Materials Price Variance: (Make sure to note if the variance is favorable or unfavorable):

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