Question
TNT Corporation has the following data related to direct materials costs for December: actual costs for 6,000 pounds of material, $4.50 And standard costs for
TNT Corporation has the following data related to direct materials costs for December: actual costs for 6,000 pounds of material, $4.50 And standard costs for 4,800 pounds of material at $5.20 per pound.
What is the direct materials price variance?
Please write-in your number followed by Favorable or Unfavorable. (Make sure Favorable/Unfacorable is capitalized) Example $5,000 Unfavorable
(Each answer should have possibilities for answers entered with or without dollar signs and commas. Thus the correct answer for a problem could be $100,000 100,000 100000 $10000)
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