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Stormy Corporation has collected the following data for one of its products: Direct materials standard (3 pounds per unit @ $0.47/1b.) $1.41 per finished good
Stormy Corporation has collected the following data for one of its products: Direct materials standard (3 pounds per unit @ $0.47/1b.) $1.41 per finished good Actual direct materials purchased 39,000 pounds Actual Direct Materials Used (AQU) 30,000 pounds Actual Price (AP) paid per pound $0.60 How much is the direct materials price variance? $3,900 favorable $5,070 unfavorable $3.900 unfavorable $5,070 favorable
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