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Exercise 6-6 Crane WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,000 pounds of plastic to use in its dive masks, at a
Exercise 6-6 Crane WaterWorks manufactures snorkel gear. During the past month, Washington purchased 4,000 pounds of plastic to use in its dive masks, at a cost of $5,800. The standard price for the plastic is $1.400 per pound. The company actually used 3,800 pounds of the plastic to produce 15,000 dive masks. Calculate Crane's direct materials price variance for the month. (Round answer to 0 decimal places, e.g. 5,275. If variance is zero, select "Not Applicable" and enter o for the amounts.) Direct material price variance
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