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Ulrich Ceramics has a direct material standard of 1 pound per unit of output. Direct materials have a standard price of $25 per pound. During
Ulrich Ceramics has a direct material standard of 1 pound per unit of output. Direct materials have a standard price of $25 per pound. During July, $129,360 was paid to purchase 4,900 pounds of direct materials, which was used to produce 4,700 units. What is the direct materials price variance?
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