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You have this data for a product made by Stiner Company. Direct Materials standards are Quantity standard - 3 pounds Price standard - $2 per
You have this data for a product made by Stiner Company. Direct Materials standards are Quantity standard - 3 pounds Price standard - $2 per pound 1, 500 units were produced in May. During May, the company actually purchased and used 5,000 pounds of direct materials at an actual price of $2.20 per pound. What is the total direct materials variance for May? $2,000 unfavorable $2,000 favorable $2, 100 unfavorable $2, 100 favorable
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