Question
Marigold WaterWorks manufactures snorkel gear. During the past month, Washington purchased 2,600 pounds of plastic to use in its dive masks, at a cost of
Marigold WaterWorks manufactures snorkel gear. During the past month, Washington purchased 2,600 pounds of plastic to use in its dive masks, at a cost of $4,500. The standard price for the plastic is $1.40 per pound. The company actually used 2,500 pounds of the plastic to produce 15,000 dive masks. Calculate Marigolds direct materials price variance for the month. (Round intermediate calculations to 5 decimal places, e.g. 1.24638 and final answer to 0 decimal places, e.g. 5,275.) Direct material price variance $enter the direct material price variance in dollars rounded to 0 decimal places. All tell whether this is favorable, unfavorable or neither?
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