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The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00 Actual, $2.10 Standard yards per unit: Standard, 4.5 yards;
The following data relate to direct materials costs for February:
Materials cost per yard: standard, $2.00 Actual, $2.10
Standard yards per unit: Standard, 4.5 yards; actual, 4.75 yards
Units of production: 9,500
Calculate the Direct materials price variance
A. $4,750.00 Favorable
B. $4,750.00 Unfavorable
C. $4,512.50 Unfavorable
D. $4,512.50 Favorable
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Wiley CIAexcel Exam Review 2018 Part 1 Internal Audit Basics
Authors: S. Rao Vallabhaneni
1st Edition
1119482569, 978-1119482567
