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Durham Prints Ltd manufactures a single product that has the following standard materials cost specifications...

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Accounting

Durham Prints Ltd manufactures a single product that has the following standard materials cost specifications (per unit).

Direct materials 10 square metres at 2 per square metre 20

During June, the following actual data have been recorded in the production of 2,000 units:

Direct materials 21,000 square metres at pound 3 per square metre

What is the materials usage variance?

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