The standard cost of Product B includes 2 units of direct materials at $5 per un

Question

The standard cost of Product B includes 2 units of direct materials at $5 per unit. During June, 17,440 units of direct material were purchased and used at a cost of $4.8 per unit to produce 9,500 units of Product B. Compute the variance requested below and indicate whether the variance is favorable or unfavorable, by indicating U or F. Place the letter by the number, DO NOT add a space. Example, if the variance is 100 unfavorable, enter 100U (DO NOT PUT 100 U) The Direct Materials price variance is $

Explanation / Answer

Direct Materials price variance =17440*(4.8-5)= 3488F

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.