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The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $66 per pound. In
The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $66 per pound. In manufacturing 5,000 units, 42,900 pounds of material were used at a cost of $67 per pound. What is the direct materials price variance?
- $95,700 favorable.
- $138,600 unfavorable.
- $138,600 favorable.
- $42,900 favorable.
- $42,900 unfavorable.
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