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what is Ebo's direct material price variance? Ebo Company has developed the following standards for one of its products: Direct materials 20 pounds x $4

what is Ebo's direct material price variance?

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Ebo Company has developed the following standards for one of its products: Direct materials 20 pounds x $4 per pound Direct labour 5 hours x $18 per hour Variable overhead 5 hours x $4 per hour The following activities occurred during the month of October: Materials purchased 230.000 pounds at $4.20 per pound Materials used 220,000 pounds Units produced 10,000 units Direct labour 51,000 hours at $17.70 per hour Actual variable overhead $240.000 The company records materials price variances at the time of purchase. What is Ebo's direct materials price variance

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