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A company provided the following direct materials cost information. budgeted units: 450,000 budgeted lbs/unit: 0.5 lbs/unit budgeted cost/1b: $3.00/1b actual cost/1b: $2.5/lb actual units: 500,000

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A company provided the following direct materials cost information. budgeted units: 450,000 budgeted lbs/unit: 0.5 lbs/unit budgeted cost/1b: $3.00/1b actual cost/1b: $2.5/lb actual units: 500,000 actual Ibs/unit: 0.4 lbs/unit Compute the direct materials price variance $112,500 Unfavorable. $100,000 Favorable. $100,000 Unfavorable. $125,000 Unfavorable. None of the above answers is correct

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