Summerlin Company budgeted 4,100 pounds of material costing $6 per pound to produce 2,000 units. The company actually used 4,600 pounds which cost $6.10 per pound to produce 2,000 units. What are the direct materials price variance? a. $3,460 unfavorable. b. $3,000 unfavorable. c. $460 unfavorable. d. $3,050 unfavorable. e. $410 unfavorable.
Summerlin Company budgeted 4,100 pounds of material costing $6 per pound to produce 2,000 units. The company actually used 4,600 pounds which cost $6.10 per pound to produce 2,000 units. What are the direct materials price variance? a. $3,460 unfavorable. b. $3,000 unfavorable. c. $460 unfavorable. d. $3,050 unfavorable. e. $410 unfavorable.
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...
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