Question
The following information is available for Munter Manufacturing Company. long dash Direct materials price standard is $3.25 per pound. long dash Direct materials quantity standard
The following information is available for Munter Manufacturing Company.
long dash
Direct materials price standard is $3.25 per pound.
long dash
Direct materials quantity standard is six pounds per finished unit.
long dash
Budgeted production is 25,000 finished units.
long dash
175,000 pounds of direct materials were purchased for $525,000.
long dash
175,000 pounds of direct materials were used in production.
long dash
25,600 finished units of product were produced.
What is the direct materials price variance?
A.
$43,750 Favorable
B.
$350,000 Unfavorable
C.
$350,000 Favorable
D.
$43,750 Unfavorable
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