37.

A company provided the following direct materials cost information. Compute the direct materials price varlance. 37 $ 1,257.000 Standard costs assigned: Direct materials standard cost (419,000 units @ $3.00/unit) Actual costs: Direct materials costs incurred (416,000 units & $3.20/unit) $ 1,331,200 013421 Multiple Choice OS03.800 Favorable $1.257000 Favorable $1,257,000 Unfavorable