A company provided the
following direct materials cost information. Compute the direct
materials price variance.
Standard costs assigned: | |||
Direct materials standard cost (406,000 units @ $2.10/unit) | $ | 852,600 | |
Actual costs: | |||
Direct Materials costs incurred (404,850 units @ $2.30/unit) | $ | 931,155 | |
Multiple Choice
$852,600 Favorable.
$852,600 Unfavorable.
$80,970 Unfavorable.
$80,970 Favorable.
$81,200 Favorable.
Materials Price Variance
= (SP-AP) *AQ
= (2.10 - 2.30) * 404,850
= 80,970 Unfavorable
Option C is the answer
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