Question: Direct materials standard (4lbs @ $1/lb) $4 per finished unit Total direct materials cost variance- favorable $7500 Actual direct materials used 150,000 lbs Actual finished

Direct materials standard (4lbs @ $1/lb) $4 per finished unit

Total direct materials cost variance- favorable $7500

Actual direct materials used 150,000 lbs

Actual finished units produced

The direct materials price variance is:

A. $30,000 favorable

B. $30,000 unfavorable

C. $22,500 favorable

D. $37,500 unfavorable

E. $37,500 favorable

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