A) Companies promoting continuous improvement strive to achieve practical standards rather than ideal standards. true or false

b)

A company provided the following direct materials cost information. Compute the direct materials price variance.

Standard costs assigned:
Direct materials standard cost (413,000 units @ $3.00/unit)	$	1,239,000
Actual costs:
Direct Materials costs incurred (412,550 units @ $3.20/unit)	$	1,320,160

Multiple Choice

• $1,239,000 Favorable.

• $1,239,000 Unfavorable.

• $82,510 Unfavorable.

• $82,510 Favorable.

• $82,600 Favorable.