Harmon Household Products, Inc., manufactures a number of consumer items for general household use. One of these products, a chopping board, requires an expensive hardwood. During a recent month, the company manufactured 3,800 chopping boards using 2,850 board feet of hardwood. The hardwood cost the company $24,510.
The company's standards for one chopping board are 0.68 board feet of hardwood, at a cost of $9.00 per board foot.
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Break down the difference computed in (1) above into a materials price variance
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