Answer - as per the given information
In standard costing
material price variance= "actual quantity at standard price less actual quantity at actual price"
So there is actual quantity standard price means
Actual material 1632
Standard price 1.70
Aq at ap =2562
All value put in the above formula
So, material price variance =1632×1.7 - 2562
Material price variance= 2774.4 -2562
Material price variance . = 212.4 (favorable)
So answer for material price variance is 212.4 favorable
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