Baskets Inc. gathered the following actual results for the current month: 
Budgeted production and standard costs were:
What is the direct materials price variance?
Definitions:
Phonological Loop
A component of working memory model that deals with auditory information, holding and rehearsing speech-based information.
Atkinson and Shiffrin Model
A model of memory proposed by Richard Atkinson and Richard Shiffrin that describes how information flows through three stages: sensory memory, short-term memory, and long-term memory.
Rehearsal Systems
Techniques or processes used to practice or repeat information or skills to enhance memory retention or proficiency.
Maintenance Rehearsal
A cognitive process that involves repeatedly reviewing information to keep it in short-term memory for extended periods.
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