Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data relate to direct materials costs for November: Actual costs 4,700 pounds at $5.40 Standard costs 4,500 pounds at $6.20 What is the
The following data relate to direct materials costs for November:
| Actual costs | 4,700 pounds at $5.40 |
| Standard costs | 4,500 pounds at $6.20 |
What is the direct materials price variance?
| $3,600 favorable |
| $160 favorable |
| $3,760 favorable |
| $3,600 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
