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A company has established 6 pounds of Material M at $2 per pound as the standard for the material in its Product A. The company
| A company has established 6 pounds of Material M at $2 per pound as the standard for the material in its Product A. The company has just produced 1,300 units of this product, using 8,000 pounds of Material M that cost $15,280.The direct materials price variance is (Do not round intermediate calculations): |
$320 favorable.
$720 favorable.
$400 favorable.
$400 unfavorable.
$720 unfavorable.
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