The following data pertain to nell company's operations for june: standard quantity of materials per unit of 5 pounds standard cost of materials per $0.20 standard direct labor 4,000 hours standard wage rate per $7.00 actual 100,000 units materials 100,000 pounds actual cost of materials purchased per $0.17 materials 60,000 pounds actual direct labor hours 3,900 hours actual direct labor cost per $7.20 the materials price variance is recognized when materials are purchased. nell's materials price variance for june was:
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