Question: Please provide the solution to this general accounting question using proper accounting principles. A MANUFACTURING UNIT SET A STANDARD PRICE OF $15 PER KILOGRAM FOR

Please provide the solution to this general accounting question using proper accounting principles.

A MANUFACTURING UNIT SET A STANDARD PRICE OF $15 PER KILOGRAM FOR A KEY MATERIAL. LAST MONTH, IT PURCHASED 5,OOO KILOGRAMS AT A TOTAL. COST OF $72,500. CALCULATE THE DIRECT MATERIALS PRICE VARIANCE. USE THE MATERIAL PRICE VARIANCE FORMULA AND DETERMINE WHETHER THE VARIANCE IS FAVORABLE OR UNFAVORABLE

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