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Bridgeport Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) $12.00 Direct labour (2
Bridgeport Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) $12.00 Direct labour (2 hours at $11 per hour) 22.00 Variable manufacturing overhead 11.65 Fixed manufacturing overhead 8.00 Total standard cost per unit $53.65 Actual costs for producing 2,670 units were as follows: Direct materials used 5,890 kg Direct materials purchased (6,540 kg) $38,586 Direct labour (6,820 hours) $61,380 Variable manufacturing costs $32,800 Fixed manufacturing costs $17,300 (a) Calculate the materials price variance for materials purchased. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to O decimal places, e.g. 125.) Materials price variance eTextbook and Media Save for Later Favourable Unfavourable Neither favourable nor unfavourable Attempts: of? end
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