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Table Company s standard materials cost per unit of output is $ 5 . 4 0 ( . 1 5 pounds x $ 3 6

Table Companys standard materials cost per unit of output is $5.40(.15 pounds x $36.00 per pound). Last month, Table purchased and used 950 pounds of materials costing $32,643 in manufacturing 62,912 units.
Determine the materials price variance. (Round per unit values to 2 decimal places, e.g.7.53)

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