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Sheffield WaterWorks manufactures snorkel gear. During the past month, Washington purchased 2,200 pounds of plastic to use in its dive masks, at a cost of
Sheffield WaterWorks manufactures snorkel gear. During the past month, Washington purchased 2,200 pounds of plastic to use in its dive masks, at a cost of $5,000. The standard price for the plastic is $2.10 per pound. The company actually used 2,100 pounds of the plastic to produce 10,000 dive masks. Calculate Sheffield's direct materials price variance for the month. (Round answer to 0 decimal places, e.g. 5,275. If variance is zero, select "Not Applicable" and enter O for the amounts.) $ Direct material price variance
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