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Robby Red Limited has set the standard price of direct materials to be $0.70 per unit. However, the actual price of input this year was

Robby Red Limited has set the standard price of direct materials to be $0.70 per unit. However, the actual price of input this year was $0.75 per unit. If the company purchased a total of 280,000 units of direct materials, what is the price variance

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