Standard	Actual
Material Cost Per Yard	$1.92	$2.06
Yards per Unit	5.00 yards	4.72 yards
Number of Units Produced		9,278

Calculate the total direct materials price variance using the above information.

Select the correct answer.

$6,131 Favorable

$4,988 Unfavorable

$1,143 Favorable

$6,131 Unfavorable

25.At the end of the year, overhead applied was $3,474,778. Actual overhead was $3,796,833. Closing over/under applied overhead into cost of goods sold would cause net income to increase/decrease by?

Select the correct answer.

Increase by $322,055

Decrease by $322,055

Decrease net income by $153,646

Not effect net income.