Ch 23: Homework i 7 0.96 points eBook B Hint Print References Saved QS 23-7 (Algo) Direct materials variances LO P3 A company reports the following for one of its products. Direct materials standard (5 pounds @ $2 per pound) Actual units produced Actual cost of direct materials used Direct materials variance Help Unfavorable Save & Exit Submit Check my work $10 per unit 30,000 units Compute the total direct materials variance and identify it as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance. $ 321,000

Compute the total direct materials variance and identify it as favorable or unfavorable. Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance