Question $31$

$3$ pts

Georgia, Incorporated has collected the following data on one of its products. The Direct Materials Price Variance is:

Direct Materials Standard $(4$ Pounds @ $$1$ Per Pound$)$

$$4$

Per Finished Unit

Actual Direct Materials Purchased $($ $$\mathrm{.}92$ Per Pound$)$

$150,000$

Pounds

Actual Finished Units Produced

$30,000$

Units

$$30,000$ Favorable,

$$13,750$ Unfavorable,

$$12,000$ Favorable,

$$12,000$ Unfavorable,