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The following data relate to direct materials costs for February:
Materials cost per yard: standard, $2.00; actual, $2.10
Standard yards per unit: standard, 4.5 yards; actual, 4.75 yards
Units of production: 9,500
Calculate the direct materials price variance.
Property Rights
The legal rights to own, use, and dispose of assets including real property and intellectual property.
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An individual or entity that buys goods or services for personal use, commercial use, or resale.
Industry Canada
A department of the Canadian government formerly responsible for economic development, innovation, and scientific research, now part of Innovation, Science and Economic Development Canada.
Department of Industry Act
Legislation that establishes and defines the powers, responsibilities, and organization of a country's Department of Industry or similar entity.
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