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The Company produces a product requiring 4 lbs of materials costing $3,50 per pound. During December, Company purchased 4200 pounds of materials for $14,112 and

The Company produces a product requiring 4 lbs of materials costing $3,50 per pound. During December, Company purchased 4200 pounds of materials for $14,112 and used the material to produce 300 products. What was the materials price variance for December?

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