Calculate the Direct Materials Price variance using the above information:
Definitions:
Commencement
Commencement refers to the beginning or start of something, often used in legal contexts to denote the start of legal proceedings or the operative period of a contract.
Trustee
An individual or organization that holds or manages property or assets for the benefit of another party.
Chapter 11
Chapter 11 refers to a section of the United States Bankruptcy Code that permits reorganization under the bankruptcy laws of the United States.
Chapter 7
A provision under the US Bankruptcy Code for the process of liquidation, where a debtor's assets are sold to pay off creditors.
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