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A company provided the following direct materials cost information. Compute the direct materials price variance. $ 1,526,400 Standard costs assigned: Direct materials standard cost (424,000

A company provided the following direct materials cost information. Compute the direct materials price variance. $ 1,526,400 Standard costs assigned: Direct materials standard cost (424,000 units @ $3.60/unit) Actual costs: Direct materials costs incurred (421,500 units @ $3.70/unit) $ 1,559,550 Multiple Choice $42,150 Unfavorable. $42,150 Favorable. $1,526,400 Favorable. $1,526,400 Unfavorable. $42,400 Favorable

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