Timothy Company has the following information available for October when 3,000 units are produced Standard materials cost per unit 3 0 pounds at $4 10 per pound Actual data for October Materials purchased 12,300 pounds at $4 20 per pound Materials used 11,750 pounds The materials price variance is

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Timothy Company has the following information available for October when 3,000 units are produced: Standard materials cost per unit 3.0 pounds at $4.10 per pound

Timothy Company has the following information available for October when 3,000 units are produced:

Standard materials cost per unit	3.0 pounds at $4.10 per pound
Actual data for October:
Materials purchased	12,300 pounds at $4.20 per pound.
Materials used	11,750 pounds

The materials price variance is:

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