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Pharoah Manufacturing Company purchased 15200 switches to make 6600 units. The standard allows for 2 switches per unit. The company actually used 15700 to produce
Pharoah Manufacturing Company purchased 15200 switches to make 6600 units. The standard allows for 2 switches per unit. The company actually used 15700 to produce the 6600 units. Pharoah budgeted $0.75 per switch but had to pay $0.80 per switch. What is Pharoah's direct materials price variance for the period?
$660 unfavorable
$760 unfavorable
$530 unfavorable
$785 unfavorable
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