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Please explain step by step. Thank you Given the following information for Albright Company, what was the direct materials cost variance? Manufacturing Costs Actual Costs
Please explain step by step. Thank you
Given the following information for Albright Company, what was the direct materials cost variance?
Manufacturing Costs | Actual Costs | Standard Cost at Actual Volume | Budgeted Cost | |||
Direct materials | $ 80,300 | $ 76,000 | $ 71,250 | |||
Direct labor | 77,000 | 72,500 | 68,400 | |||
Factory overhead | 44,800 | 48,000 | 45,600 | |||
Total | $202,100 | $196,500 | $185,250 |
a.$(9,050) favorable
b.$4,300 unfavorable
c.$(4,300) favorable
d.$9,050 unfavorable
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