Microeconomics need to know the area to shade too. PLEASE HELP!!
1 answer:
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Answer:
The appropriate solution will be "$1320".
Explanation:
The given values are:
Material's actual quantity
= $6600
Standard price
= $2.00
Actual price
= $2.20
Now,
The material price variance will be:
= Actual quantity (Standard price - Actual price)
On substituting the values, we get
=
=
= ($)