Question - Degregorio Corporation makes a product that uses a material with the following direct material standards:
Standard quantity - 4.0 kilos per unit
Standard price - $9.00 per kilo
The company produced 7,200 units in November using 29.290 kilos of the material. During the month, the company purchased 31,480 kilos of the direct material at a total cost of $277,024. The direct materials purchases variance is computed when the material are purchased.
The materials price variance for November is:
$5,592 F
$5,592 u
$6,296 F
$5,296 U