Given the following information, please answer the question below: Actual Direct Materials $4.50 per...
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Accounting
Given the following information, please answer the question below:
Actual Direct Materials $4.50 per ft
Actual Direct Labor Rate $18 per hour
Actual Direct Material Purchase Quantity 22,000 ft
Actual Direct Labor Hours Worked 2,500 hours
Standard Direct Material Rate $5 per ft
Standard Direcr Labor Rate $20 per hour
Standard Direct Labor Hours Worked 2,800
What is the Direct Materials Price Variance?
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