The Peking Palace reported the following: Standard quantity per unit 3 lbs Standard price per pound...
The Peking Palace reported the following:
| Standard quantity per unit | 3 lbs |
| Standard price per pound | $2.75 |
| Actual pounds used | 15,000 lbs |
| Actual price per pound | $2.90 |
| Number of units produced | 5,070 |
Determine the total direct materials cost variance
Homework Answers
Total direct material cost variance = Standard material cost - Actual material cost
= 5070*3*2.75 - 15000*2.90
= $1672.5 Unfavorable
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The Peking Palace reported the following:
Standard quantity per unit
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