Question: 56. The standard direct material cost to produce a unit of Lem is four meters of material at $2.50 per meter. During May 2009, 4,200

56. The standard direct material cost to produce a unit of Lem is four meters of material at $2.50 per meter. During May 2009, 4,200 meters of material costing $10,080 were purchased and used to produce 1,000 units of Lem. What was the material price variance for May 2009?

a. $400 favorable.

b. $420 favorable.

c. $ 80 unfavorable.

d. $480 unfavorable.

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