Post-Lecture Question 02 Materials Price Variance = (Actual Quantity x Actual Price) Standard Price) or $3600 (900 x $4.0) favorable (Actual Quantity x $4500 (900 x $5.0) $900 A company developed the following per unit standards for its products: 2.50 pounds of direct materials at $5.0 per pound. Last month, 900 lbs of direct materials were purchased for $3600. The direct materials price variance for last month was $900 unfavorable. $3600 favorable $900 favorable. $360 favorable