Question
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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Auditing Derivative Strategies
Authors: Barbara Davison
1st Edition
0894134434, 978-0894134432
