question:A company provided the following direct materials cost information. Compute the direct materials price variance.

Standard costs assigned:

Direct materials standard cost $(417,000$ units @ $$3\mathrm{.}90/$unit$)$

$$1,626,300$

Actual costs:

Direct materials costs incurred $(416,950$ units @ $$\frac{4\mathrm{.}00}{u}$nit

$$1,667,800$

Multiple Choice

$$41,700$ Favorable.

$$41,695$ Favorable.

$$1,626,300$ Favorable.

$$1,626,300$ Unfavorable.

$$41,695$ Unfavorable.