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In 2021, Met estimated the following standard costs for one of their major products, the 30-pound training ball. Budgeted quantity. Budgeted price Direct materials 0.40
In 2021, Met estimated the following standard costs for one of their major products, the 30-pound training ball. Budgeted quantity. Budgeted price Direct materials 0.40 pounds $20 per pound During the month, 4,000 units are produced and sold using 1,700 pounds of direct materials at an average cost per pound of $15. What is the direct material price variance for the month.(Please use the following format: 000,000) ( Don't add dollar sign, round the answer and no decimal)
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