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Larry's Woodworks has collected the following data for its cutting board line of products: Direct materials standard Direct materials standard cost Actual material purchased cost
Larry's Woodworks has collected the following data for its cutting board line of products: Direct materials standard Direct materials standard cost Actual material purchased cost 15 pounds per unit $0.73 per pound $0.90 per pound 60,000 pounds Actual direct materials purchased Actual Quantity (AQ) of Direct Materials Used (AQU) 35,000 pounds Actual finished goods produced What is the direct material price variance? A. $5,950 favorable B. $5,950 unfavorable C. $10,200 unfavorable D. $10,200 favorable 4,800 units
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