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Ivanhoe Manufacturing Company purchased 17000 switches to make 7500 units. The standard allows for 2 switches per unit. The company actually used 17500 to produce

Ivanhoe Manufacturing Company purchased 17000 switches to make 7500 units. The standard allows for 2 switches per unit. The company actually used 17500 to produce the 7500 units. Ivanhoe budgeted $0.84 per switch but had to pay $0.89 per switch. What is Ivanhoes direct materials price variance for the period?

$850 unfavorable

$875 unfavorable

$750 unfavorable

$575 unfavorable

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