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Auto Suppliers Inc. provides the following standard and actual costs for direct materials to produce 3,000 units of product: Quantity for actual Price Standard Actual

Auto Suppliers Inc. provides the following standard and actual costs for direct materials to produce 3,000 units of product: Quantity for actual Price Standard Actual production per lb. 2,100 lbs. $5.70 2,900 lbs. $5.20 Determine the direct material price variance. $3,110 unfavorable -$1,450 favorable $1,450 unfavorable -$3,110 favorable

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