1. Georgia, Incorporated has collected the following data on one of its products. 
2. 
   
3. Direct materials standard (3 pounds @ $2/pound) $ 6 per finished unit
4. Total direct materials cost variance—unfavorable $ 25,750
5. Actual direct materials used 120,000 pounds 
6. Actual finished units produced 30,000 units
7. 
   
8. What is the direct materials price variance?

Answer rating: 100% (QA)

To calculate the direct materials price variance we need to compare the standard price per pound wit... View the full answer