Question
The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.93; actual, $2.05 Standard yards per unit: standard, 4.74 yards;
The following data relate to direct materials costs for February:
Materials cost per yard: standard, $1.93; actual, $2.05
Standard yards per unit: standard, 4.74 yards; actual, 4.93 yards
Units of production: 9,400
Calculate the direct materials price variance.
a.$1,128.00 unfavorable
b.$5,561.04 favorable
c.$5,346.72 favorable
d.$5,561.04 unfavorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Cornerstones Of Cost Accounting
Authors: Don Hansen, Maryanne M. Mowen
1st Edition
053873678X, 978-0538736787
