A company developed the following per-unit standards for its product: 2 pounds of direct materials at $6.00
Fantastic news! We've Found the answer you've been seeking!
Question:
A company developed the following per-unit standards for its product: 2 pounds of direct materials at $6.00 per pound. Last month, 3000 pounds of direct materials were purchased for $5700 and entered into production.
Calculate the direct materials price variance.
Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
Posted Date: