Cullumber Creations purchased 7600 feet of copper tubing at a price of $2.50 per foot and used 7840 feet during the period. Thestandard price of the copper tubing was $2.30 per foot. What is Cullumber Creations' direct materials price variance for the period?O $1520 unfavorableO $1520 favorableO $600 favorableO $600 unfavorable Cullumber Creations purchased 9200 feet of copper tubing at a price of $2.30 per foot and used 8900 feet during the period. Thestandard quantity allowed for the units produced is 8700 and the standard price of the copper tubing is $3.10 per foot. What isCullumber Creations' direct materials quantity variance for the period?O $930 unfavorableO $1550 unfavorableO $620 unfavorableO $460 unfavorable

Direct price variance measures the difference in the actual price paid to purchase the direct…

Cullumber Creations purchased 7600 feet of copper tubing at a price of $2.50 per foot and used 7840 feet during the period. The standard price of the copper tubing was $2.30 per foot. What is Cullumber Creations' direct materials price variance for the period O $1520 unfavorable O $1520 favorable O $600 favorable O $600 unfavorable

Cullumber Creations purchased 7600 feet of copper tubing at a price of $2.50 per foot and used 7840 feet during the period. The standard price of the copper tubing was $2.30 per foot. What is Cullumber Creations' direct materials price variance for the period O $1520 unfavorable O $1520 favorable O $600 favorable O $600 unfavorable

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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