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I HAVE ANSWER BELOW I JUST NEED EXPLANATION ON HOW TO GET IT PLEASE The Badger Company developed the following standards for the manufacture of

I HAVE ANSWER BELOW I JUST NEED EXPLANATION ON HOW TO GET IT PLEASE

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The Badger Company developed the following standards for the manufacture of its product: - Each unit should have 2 pounds of direct materials purchased at $4.60 per pound. - Each unit should be produced in 11/2 hours at a direct labor cost of $18 per hour. Actual production was 4,000 units using 8,200 pounds of direct materials at a total cost of $36,200 and required 5,800 direct labor hours at a total cost of $106,000. What was the direct materials price variance for the company? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance. 1,520 (with margin: 0)

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