HOMEWORK Q: 21 The actual cost of direct materials is $55.75 per pound. The standard cost per pound is $60.50. During the current period, 6,100 pounds were used in production. The standard quantity for actual units produced is 5,700 pounds. How much is the direct materials price variance? A. $27,075 unfavorable B. $28,975 unfavorable C. $28,975 favorable D. $27,075 favorable
HOMEWORK Q: 21 The actual cost of direct materials is $55.75 per pound. The standard cost per pound is $60.50. During the current period, 6,100 pounds were used in production. The standard quantity for actual units produced is 5,700 pounds. How much is the direct materials price variance? A. $27,075 unfavorable B. $28,975 unfavorable C. $28,975 favorable D. $27,075 favorable
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:HOMEWORK Q: 21
The actual cost of direct materials is $55.75 per pound. The standard cost per
pound is $60.50. During the current period, 6,100 pounds were used in production.
The standard quantity for actual units produced is 5,700 pounds.
How much is the direct materials price variance?
A. $27,075 unfavorable
B. $28,975 unfavorable
C. $28,975 favorable
D. $27,075 favorable
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