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The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $66 per pound. In

The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $66 per pound. In manufacturing 5,000 units, 42,900 pounds of material were used at a cost of $67 per pound. What is the direct materials price variance?

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