Headlands managers expected to produce 29,000 units of product in November. The standard cost for the materials used for 29,000 units is $265,524 and the
Headlands managers expected to produce 29,000 units of product in November. The standard cost for the materials used for 29,000 units is $265,524 and the standard cost per unit is $4.20 per litre. Actual production in November was 27,650 units. The company purchased and used 60,007 litres of materials costing $249,162.40.
REQUIRED:
What was the direct materials price variance for March? Favourable, non-favourable, or neither?
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Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young, Rajiv D. Banker, Pajiv D. Banker
3rd Edition
9780130101952
