Mail MATTHEWFIOY? On ezto.mheducation.com/mtpx Power Bill n Linkedln l\'office V

Question

Mail MATTHEWFIOY? On ezto.mheducation.com/mtpx Power Bill n Linkedln l'office V/ Home-BankMobile, ultiPro M Gmail w Equifax portal ?niversity Oddo Corporation makes a product with the following standard costs Standard Quantityor Standard Price or Standard Cost Direct maternals Direct labor Varlable overhead Hours 3.0 ounces 0.6 hours 06 hours Rate 7.50 per ounce $13.50 per hour $6.00 per hour Per Unt $22.50 $8.10 $3,60 The company reported the following results concerning this product in December 7.600 units 7.400 units 22.040 lounces 4.640 [hours output Actual output Raw materlals used in production Actual direct labor-hours Purchases of raw materials Actual price of raw maternals Actual dlrect labor rate Actual variable overhead rate 12 per hour 5.10 per hour The company applies vaniable overhead on the basis of direct labor-hours. The direct matertals purchases varlance is computed when the materials are purchesed The materials price varlance for December is O $6,710 u O $6,710 F O $5,910 F O $5.910 U O Type here to search

Explanation / Answer

The correct answer is $5910F

Material price variance = (7.50-7.25)*23640 = 5910F

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