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Data regarding Mill Company's direct materials costs is as follows:Actual unit cost$2.00Standard unit cost 2.20Actual quantity purchased and used28,000 unitsStandard units of materials per unitof

Data regarding Mill Company's direct materials costs is as follows:Actual unit cost$2.00Standard unit cost 2.20Actual quantity purchased and used28,000 unitsStandard units of materials per unitof finished goods3 unitsActual output of finished goods9,000 unitsWhat is the direct materials price variance? $5,600 favorable. $2,200 unfavorable. $2,800 favorable. $5,600 unfavorable

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