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Waterway WaterWorks manufactures snorkel gear. During the past month, Washington purchased 2 , 8 0 0 pounds of plastic to use in its dive masks,

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Waterway WaterWorks manufactures snorkel gear. During the past month, Washington purchased 2,800 pounds of plastic to use in its dive masks, at a cost of $5,600. The standard price for the plastic is $1.60 per pound. The company actually used 2,700 pounds of the plastic to produce 12,000 dive masks.
Calculate Waterway's direct materials price variance for the month. (Round internediate calculations to 5 decimal places, es.1.24638 and final answer to 0 decimal places, eg.5,275,
Direct material price variance $
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Current Attempt in Progress
Sheridan Enterprises purchased 79,000 gallons of direct materials during the year at a price of $2.00 per gallon. Sheridan's direct materials price variance was $7,110 Favorable
Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, eg.15.25.)
Standard price
$ /gal
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