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96% Thu 2:35 PM a E Preview File Edit View Go Tools Window Help blackboard pace edu Isabella Georgopoulos O PACE UNIVERSITY My Resource Page Courses Community ePortfolio Bookstore Library Help 10 points save Answer QUESTION 6 PM 1. The Harwood Company makes Harwood tables for which the following standards have been developed: Standard Inputs Standard Price Expected for Each Expected per HD Unit of output Un of output $4 per pound Direct materials 10 pounds $16 per hour Direct labor 3 hours Company planned to produce 200 tables in the month. The actual production was 220 tables. Direct materials purchased and used were 2,100 ho pounds at an actual price of $4.40 per pound. The company incurred actual direct labor costs of $10,620 for total 590 hours. O PM What is the direct material price variance for March? Sho 31 AM a. $800 unfavorable b. $800 favorable C. $840 favorable ho d. Correct answer not listed 53 PM e. $840 unfavorable QUESTION 7 10 points Save Answer ho 9 PM Gallerani Corporation has received a request for aspecial order of 6,000 units of product A90 for $21.20 each. Product A90's unit product cost is

Explanation / Answer

e. $ 840 Unfavorable

Working:

Direct Material Price Variance = (Standard Price-Actual Price)*Actual Quantity = (4.00-4.40)*2100 = -840 Thus, Direct Material Price Variance is 840 Unfavorable

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