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Shalom Company uses standard cost system. The standard for each finished unit of product allows for 3 pounds of plastic at P0.72 per pound. During

Shalom Company uses standard cost system. The standard for each finished unit of product allows for 3 pounds of plastic at P0.72 per pound. During December, Shalom bought 4,500 pounds of plastic at P0.75 per pound, and used 4,100 pounds in the production of 1,300 finished units of product. What is the materials price variance for units used in production for the month of December?

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