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Information on Fleming Company's direct material costs follows: Actual amount of direct materials purchased and used 20,000 kilograms Actual direct material costs Standard price

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Information on Fleming Company's direct material costs follows: Actual amount of direct materials purchased and used 20,000 kilograms Actual direct material costs Standard price of direct materials $40,000 $2.10 per kilogram Direct materials quantity variance-favourable What was the company's direct material price variance? $1,000 favourable. $1,000 unfavourable. $2,000 favourable. $2,000 unfavourable. $3,000

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