The company manufactured 35,000 units for a job, using 20,300 pounds of direct materials. The plastic cost

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Question:

The company manufactured 35,000 units for a job, using 20,300 pounds of direct materials. The plastic cost the company $133,980. According to the standard cost card, each unit should require 0.51 pounds of direct materials, for $7 per pound. Calculate the materials price variance.