The porter Company has a stand

Sigchi4life
Category:
Accounting
Price: $5 USD

Question description

The porter Company has a standard cost system. In July the company purchased and used 24500 pounds of direct material at an actual cost of $53000; the materials quantity variance was $5500 Unfavorable; and the standard quantity of materials allowed for July production was 21750 pounds. The materials price variance for July was what? 

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