Question: Calculator Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard,
Calculator Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.94; actual, $2.04 Standard yards per unit: standard, 4.68 yards; actual, 4.91 yards Units of production: 9,400 Calculate the direct materials price variance. $4,615.40 favorable Ob. $940.00 unfavorable Oc. $4,615.40 unfavorable Od. $4,399.20 favorable All work saved
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
