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Given the following information, please answer the question below: Actual Direct Materials $4.50 per ft Actual Direct Labor Rate $18 per hour Actual Direct Material

Given the following information, please answer the question below:

Actual Direct Materials $4.50 per ft

Actual Direct Labor Rate $18 per hour

Actual Direct Material Purchase Quantity 22,000 ft

Actual Direct Labor Hours Worked 2,500 hours

Standard Direct Material Rate $5 per ft

Standard Direcr Labor Rate $20 per hour

Standard Direct Labor Hours Worked 2,800

What is the Direct Materials Price Variance?

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