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The following data relate to the direct materials cost for the production of 2,400 units: Actual 53,500 lbs at $2.60 $139,100 Standard 55,120 lbs at

The following data relate to the direct materials cost for the production of 2,400 units: Actual 53,500 lbs at $2.60 $139,100 Standard 55,120 lbs at $2.50 $137,800 What is the direct materials price variance?

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