Question: Begin by determining the formula for the price variance, then compute the price variance for direct materials. (Enter the variance as a positive number. Round

Begin by determining the formula for the price variance, then compute the price variance for direct materials. (Enter the variance as a positive number. Round interim calculations to the nearest cent and your variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U) in the input field after the amount you enter. Abbreviations used: DM = Direct materials.) ( - ) = DM price variance ( - ) =

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