ABC, Co$.$ uses a standard costing system in the manufacture of its single product. The $35,000$ units of raw material purchased and used cost $$105,000,$ and two units of raw material are required to produce one unit of final product. In November, the company produced $12,000$ units of product. The budgeted production for November was $14,000,$ and there was an unfavorable static budget variance of $$35,000.$ What was ABC$$s direct materials price variance? Show your work to receive partial credit.

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ABCs Direct Materials Price Variance We can find the direct materials price variance DMPV by followi... View the full answer