Oriole Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $6.00 per kilogram) Direct labour (2 hours at $11 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit Actual costs for producing 2,700 units were as follows: Direct materials used Direct materials purchased (6,630 kg) Direct labour (6,950 hours) Variable manufacturing costs Fixed manufacturing costs (a) Materials price variance eTextbook and Media 5,900 kg $ $38,454 $62,550 $33,000 $17,900 $12.00 22.00 11.10 Calculate the materials price variance for materials purchased. (Round per unit calculations to 2 decimal places, eg. 1.25 and final answers to 0 decimal places, e.g. 125.) 6.95 $52.05

Oriole Company budgeted the following cost standards for the current year: Actual costs for producing 2,700 units were as follows: (a) Calculate the materials price variance for materials purchased. (Round per unit calculations to 2 decimal places, es, 1.25 and final answers to Odecimal places, eg. 125. Materials price variance eTextbook and Media