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Crane Manufacturing Company purchased 18800 switches to make 8400 units. The standard allows for 2 switches per unit. The company actually used 19300 to produce
Crane Manufacturing Company purchased 18800 switches to make 8400 units. The standard allows for 2 switches per unit. The company actually used 19300 to produce the 8400 units. Crane budgeted $0.93 per switch but had to pay $0.98 per switch. What is Crane's direct materials price variance for the period?
a. $965 unfavorable
b. $940 unfavorable
c. $840 unfavorable
d. $620 unfavorable
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