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A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (420,000 units @
A company provided the following direct materials cost information. Compute the direct materials price variance.
Standard costs assigned:
Direct materials standard cost (420,000 units @ $3.20/unit) $1,344,000
Actual costs:
Direct Materials costs incurred (417,100 units @ $3.30/unit) $1,376,430
Multiple Choice
- $1,344,000 Favorable.
- $1,344,000 Unfavorable.
- $41,710 Unfavorable.
- $41,710 Favorable.
- $42,000 Favorable.
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