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The following actual and standard cost data for direct material and direct labor relate to the production of 4,000 units of product: Actual Costs Standard

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The following actual and standard cost data for direct material and direct labor relate to the production of 4,000 units of product: Actual Costs Standard Costs Direct Material 6,200 lb. @ $3.90 6,000 lb. @ $4.00 Direct Labor 4,300 hrs. @ $14.70 4,000 hrs. @ $15.00 Determine the materials price variance. $180 U $180 F $620 U $620 F

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