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Question 3 4 pts The following data is used for the next 2 questions: Museum Creations produces blown glass art using glass beads and produced
Question 3 4 pts The following data is used for the next 2 questions: Museum Creations produces blown glass art using glass beads and produced 1400 units. The following information about direct materials is given below: Purchased 5020 lbs. of glass beads at a price of $3 per Ib. Used 4980 lbs. during the period. The standard price of the glass beads-- $3.7 per lb. The standard quantity per unit--3.5 lbs. What is Museum Creations' direct materials price variance for the period (round to the nearest whole unit/dollar, 2 points) ? Was the variance favorable or unfavorable (2 points)
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