Question: Cascade Inc. has provided the following information: Standards: Per unit Direct materials 5.5 lbs @ $4.00/lb $ 22.00 Direct labor 1.0 hours @ $11.5/hour 11.50

Cascade Inc. has provided the following information:

Standards: Per unit
Direct materials 5.5 lbs @ $4.00/lb $ 22.00
Direct labor 1.0 hours @ $11.5/hour 11.50
Variable overhead 2.5 hours @ $10.5/hour 26.25
Fixed overhead 16.00
Total $ 75.75

Budgeted production = 4,780 units

Actual results
Direct materials 30,600 lbs $ 127,470
Direct labor 11,870 actual hours $ 154,600
Variable overhead $ 118,210
Fixed overhead $ 76,800
Units produced 5,200 units

Calculate the direct materials price variance

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