Question
The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per unit: standard, 4.67 yards;
The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.05 Standard yards per unit: standard, 4.67 yards; actual, 5.25 yards Units of production: 9,300
Calculate the direct materials price variance.
a.$1,023.00 unfavorable
b.$4,777.41 favorable
c.$5,370.75 favorable
d.$5,370.75 unfavorable
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
