Ferguson Inc. has provided the following budgeted data for the current month: Budgeted Data Data Amounts Budgeted production units 2,500 units Standard material per unit 1.8 square yards Standard price per square yards $5.60 Actual production data is as follows: Actual Production Data Data Amounts Actual production units 2,700 units Actual material used per unit 1.5 square yards Actual price per square yards $5.80 Determine the direct material price variance. Group of answer choices -$3,726 favorable $810 unfavorable $3,726 unfavorable -$810 favorable
Ferguson Inc. has provided the following budgeted data for the current month: Budgeted Data Data Amounts Budgeted production units 2,500 units Standard material per unit 1.8 square yards Standard price per square yards $5.60 Actual production data is as follows: Actual Production Data Data Amounts Actual production units 2,700 units Actual material used per unit 1.5 square yards Actual price per square yards $5.80 Determine the direct material price variance. Group of answer choices -$3,726 favorable $810 unfavorable $3,726 unfavorable -$810 favorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Ferguson Inc. has provided the following budgeted data for the current month:
Budgeted Data| Data | Amounts |
|---|---|
| Budgeted production units | 2,500 units |
| Standard material per unit | 1.8 square yards |
| Standard price per square yards | $5.60 |
Actual production data is as follows:
Actual Production Data| Data | Amounts |
|---|---|
| Actual production units | 2,700 units |
| Actual material used per unit | 1.5 square yards |
| Actual price per square yards | $5.80 |
Determine the direct material price variance.
Group of answer choices
-$3,726 favorable
$810 unfavorable
$3,726 unfavorable
-$810 favorable
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