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Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as follows:
Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as follows: Actual production 25,000 packs of Product P
Actual cost of raw material Q 97,500 units at $0.90
Actual cost of labor 480 hours at $6.75
Standard quantity of raw material 96,000 units for 30,000 units of Product P
Standard price of raw material Q $0.95
Calculate the total material variance for Product P for the first week in January.
a. $16,625 U
b. $4,875 F
c. $3,450 F
d. $11,750 U
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