Zillow Inc has the following data related to direct materials costs for the current month actual cost for 7,000 pounds of material at $2 50 per pound standard cost for 6,700 pounds of material at $3 20 per pound What is the direct materials price variance

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Zillow Inc. has the following data related to direct materials costs for the current month: actual cost for 7,000 pounds of material at $2.50 per

Zillow Inc. has the following data related to direct materials costs for the current month:
actual cost for 7,000 pounds of material at $2.50 per pound
standard cost for 6,700 pounds of material at $3.20 per pound.

What is the direct materials price variance?

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