DioDeco uses a standard cost system. For August, the company produced 7520 units. The following information is available for the month. (round answers to the nearest dollar). Standards: Material Labor 6.5 pounds per unit @ $76.25 per pound 11 hours per unit @ $20 per hour Actual: Units Produced 7,520 Material purchased 48,300 pounds @ $76.52 83,500 direct labor hours @ $21.5 per hour What is the material price variance? A: 13,041 U B: 13,041 F C: 44,381 F D: 44,381 U

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Given Information Standard material quantity per unit65 pounds Standard material price per pound7625 ... View the full answer