Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.90; actual, $2.05 Standard yards per unit: standard, 4.69 yards;
The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.90; actual, $2.05 Standard yards per unit: standard, 4.69 yards; actual, 5.05 yards Units of production: 9,500 Calculate the direct materials price variance.
a.$6,683.25 favorable
b.$1,425.00 unfavorable
c.$7,196.25 favorable
d.$7,196.25 unfavorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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