Current Attempt in Progress Waterway WaterWorks manufactures snorkel gear. During the past month, Washington purchased 2,800 pounds of plastic to use in its dive masks, at a cost of $5,600. The standard price for the plastic is $1.60 per pound. The company actually used 2,700 pounds of the plastic to produce 12,000 dive masks. Calculate Waterway's direct materials price variance for the month. (Round intermediate calculations to 5 decimal places, eg. 1.24638 and final answer to O decimal places, eg. 5,275) Direct material price variance eTextbook and Media Save for later $ Favorable Unfavorable Neither Favorable nor Unfavorable

Current Attempt in Progress Waterway WaterWorks manufactures snorkel gear. During the past month, Washington purchased 2,800 pounds of plastic to use in its dive masks, at a cost of $5,600. The standard price for the plastic is $1.60 per pound. The company actually used 2,700 pounds of the plastic to produce 12,000 dive masks. Calculate Waterway's direct materials price variance for the month. (Round intermediate calculations to 5 decimal places, eg. 1.24638 and final answer to O decimal places, eg. 5,275) Direct material price variance eTextbook and Media Save for later $ Favorable Unfavorable Neither Favorable nor 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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