Report a total price variance


Sonic Corporation's variance report for the purchasing department reports 500 units of material A purchased and 1,200 units of material B purchased. It also reports standard prices of $2 for Material A and $3 for Material B. Actual prices reported are $2.10 for Material A and $2.80 for Material B. Sonic should report a total price variance of:

a. $190 F.

b. $20 F.

c. $20 U.

d. $190 U.

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Accounting Basics: Report a total price variance
Reference No:- TGS067692

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