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Safari File Edit View History Bookmarks Window Help blackboard.pace.edu PACE UNIVERSITY My Resource Page Courses Community ePortfolioBookstore Library Help QUESTION 4 10 points Save Answer 1. The Harwood Company makes Harwood tables for which the following standards have been developed Standard Price Expected per Standard Inputs Expected for Each ni Direct materials 10 pounds $4 per pound Direct labor 3 hours $16 per hour Company planned to produce 200 tables in the month. The actual production was 220 tables. Direct materials purchased and used were 2,100 pounds at an actual price of $4.40 per pound. The company incurred actual direct labor costs of $10,620 for total 590 hours. What is the direct material price variance for March? O b. O c O d. a. $840 favorable b. $840 unfavorable c. $800 unfavorable d. Correct answer not listed e. $800 favorable a Disla DEC oc.docx 17 3D

Explanation / Answer

Direct Material price variance = ( standard price- actual price) actual qty purchased

                                                 = (4 - 4.40 )2100

                                                = 840 (U)

option b

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