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Standard Costing: Material Price Variance Calculation: A company's standard cost for material is $6 per unit. In April, 10,000 units were produced, and 50,000 pounds

Standard Costing: Material Price Variance Calculation:

A company's standard cost for material is $6 per unit. In April, 10,000 units were produced, and 50,000 pounds of material were purchased at $5.50 per pound. What is the material price variance?

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