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The standard costs and actual costs for direct materials for the manufacture of 2,600 actual units of product are as follows: Standard Costs Direct materials

The standard costs and actual costs for direct materials for the manufacture of 2,600 actual units of product are as follows:

Standard Costs
Direct materials 1,040 kilograms at $8.93
Actual Costs
Direct materials 2,600 kilograms at $8.40

The direct materials price variance is

a. $551 favorable

b. $1,378 unfavorable

c. $1,378 favorable

d. $551 unfavorable

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