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The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound.In manufacturing 8,000 units,47,000 pounds of material were used at a cost of $51 per pound.What is the direct materials price variance?
Refuse
To indicate unwillingness to accept, do, engage with, or consent to something.
Payable After Sight
A payment term indicating that the amount is due a certain number of days after the invoice or bill is presented and seen by the debtor.
Promissory Note
A financial instrument that contains a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.
Contract Of Sale
A legal agreement where the seller agrees to sell and the buyer agrees to buy goods or property under specified terms and conditions.
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