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Post-Lecture Question 02 x Materials Price Variance = (Actual Quantity x Actual Price) - (Actual Quantity X Standard Price) o

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Answer #1

$900 Favorable is the correct answer

Direct MaterialPrice Variance = (Standard Price - Actual Price) x Actual Quantity

Direct material price variance = ($5 - $4) x 900 = $900 Favorable

Actual Price = $3600/900 =$4

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