The materials price variance was 120000 favorable what is


Question - A company purchases and uses 80000 gallons of materials for which they paid $5 a gallon. The materials price variance was $120000 favorable. What is the standard price per gallon?

$1.50

$6.50

$3.50

$5.00

Solution Preview :

Prepared by a verified Expert
Accounting Basics: The materials price variance was 120000 favorable what is
Reference No:- TGS02566601

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)