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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 (413,000 units @
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
- $82,600 Favorable.
- $82,510 Favorable.
- $82,510 Unfavorable.
- $1,239,000 Favorable.
- $1,239,000 Unfavorable.
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