The following materials standards have been established for a particular product: 
The following data pertain to operations concerning the product for the last month: 
The direct materials purchases variance is computed when the materials are purchased. What is the materials price variance for the month?
Definitions:
Hammer
A tool with a heavy head and a handle, used for breaking things or driving in nails.
Home-Country Nationals
Employees who are citizens of the country where their company is headquartered, even if they work abroad.
Technical Knowledge
The specific expertise and skills related to the practical aspects of operations, processes, and technology within a specific field or industry.
Relocating Expatriates
The process of moving employees from their home country to a foreign country for work assignments.
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