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Jackson Industries has collected the following data for one of its products: Direct materials standard (6 pounds per unit @ $0.55/lb.) $3.30 per finished good
Jackson Industries has collected the following data for one of its products:
Direct materials standard (6 pounds per unit @ $0.55/lb.) | $3.30 per finished good |
Actual direct materials purchased | $38,000 pounds |
Actual Direct Materials Used (AQU) | 35,000 pounds |
Actual Price (AP) paid per pound | $0.60 |
How much is the direct materials price variance?
A.
$1,750 favorable
B.
$1,900 unfavorable
C.
$1,900 favorable
D.
$1,750 unfavorable
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