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Information about the use of direct materials at EZ Toys Trucks Division for October follows: Standard costs for materials 1.0 pounds per truck @ $5.00
Information about the use of direct materials at EZ Toys Trucks Division for October follows:
Standard costs for materials |
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1.0 pounds per truck @ $5.00 per pound | = | $5 per truck |
Actual Trucks produced in October | = | 10,000 |
Actual materials purchased and used in October |
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11,000 pounds @ $4.80 per pound | = | $52,800 |
What is the materials price variance for October?
Group of answer choices
$2,800 F
$2,000 F
$2,200 F
$3,200 U
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