Amount of direct materials price variance


The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials (per completed unit) 1.04 kilograms @$8.75 Actual Costs Direct materials 2,500 kilograms @ $8 The amount of direct materials price variance is:

a) $1,875 unfavorable

b) $1,950 favorable

c) $1,875 favorable

d) $1,950 unfavorable

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Amount of direct materials price variance
Reference No:- TGS080208

Expected delivery within 24 Hours