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Question The standard and actual prices per kilo of raw material are $4.00 and $4.50, respectively. A total of 10,500 pounds of raw material

Question The standard and actual prices per kilo of raw material are $4.00 and $4.50, respectively. A total of 10,500 pounds of raw material was purchased and then used to produce 5,000 units. The quantity standard allows two pounds of the raw material per unit produced. What is the materials price variance?

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