Item $16$

Item $16$

Scarlett Company has a direct materials standard of $3$ gallons of input at a standard price of $$5\mathrm{.}00$ per gallon. During July, Scarlett Company purchased and used $7,500$ gallons at an actual price of $$4\mathrm{.}60$ to produce $2,450$ units. What is the direct materials price variance?