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Remi Bakery provides the following standard and actual costs for direct materials to produce 1,000 bags of cookies: Quantity per bag of cookies Price per

Remi Bakery provides the following standard and actual costs for direct materials to produce 1,000 bags of cookies:

Quantity per bag of cookies Price per lb.
Standard 2.80 lbs. $4.50
Actual 2.50 lbs. $4.70

Calculate the direct material cost variance.

-$850 favorable

-$500 favorable

$850 unfavorable

$500 unfavorable

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