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The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.96;...

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.96; actual, $2.05 Standard yards per unit: standard, 4.63 yards; actual, 5.09 yards Units of production: 9,000 Calculate the direct materials price variance. a. $4,122.90 favorable b. $810.00 unfavorable c. $3,750.30 favorable d. $4,122.90 unfavorable

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Answer #1

ANSWER:

Material price variance = (Standard price-actual price)actual quantity

                                  = (1.96-2.05)9000*5.09

Material price variance = 4122.90 Unfavourable

Correct option is  d) $4122.90 unfavorable

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