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The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 8.3 grams $19.15 per gram The
The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 8.3 grams $19.15 per gram The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 7,500 grams $141,375 7,100 grams 700 units What was the materials price variance for the month
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