James Company manufactures t-shirts. During the year, it manufactured 250,000 t-shirts, using 2 hours of direct labor at a rate of $8.50 per hour. The materials and labor standards for manufacturing the t-shirts are:

Direct materials (6 yards of fabric @ $3 per yard)	$18
Direct labor (2.4 hours @ $8.00 per hour)	17

What is James materials price variance assuming that materials purchased equals materials used?

	a.	$750,000 F
	b.	$700,000 U
	c.	$750,00 U
	d.	$700,000 F

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QUESTION 6 4 points Save Answer James Company manufactures t-shirts. During the year, it manufactured 250,000 t-shirts, using 2 hours of direct labor at a rate of $8.50 per hour. The materials and labor standards for manufacturing the t-shirts are: Direct materials (6 yards of fabric @ $3 per yard) $18 Direct labor (2.4 hours @ $8.00 per hour) 17 What is James' materials price variance assuming that materials purchased equals materials used? a. $750,000 F b. $700,000 U C. $750,00 U d. $700,000 F