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Stiner Company has a materials price standard of $2.00 per pound. Five thousand pounds of materials were purchased at $2.20 per pound. The actual quantity of materials used was 5,000 pounds, although the standard quantity allowed for the output was 4,500 pounds.

what is Stiner Company's materials price variance ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M972468

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