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A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (414,000

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A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (414,000 units @ $5.00 unit) Actual costs: $2,070,000 Direct Materials costs incurred (412,750 units $5.20 / unit) $2,146,300 Multiple Choice $6,250 Favorable. $82,550 Unfavorable. $76,300 Favorable. $82,550 Favorable. $76,300 Unfavorable.

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