Question: Lemon Tree Inc. has gatherd the following data for one of its products: Direct materials standard (2 pounds per unit @ $0.53/lb.) Actual direct materials

Lemon Tree Inc. has gatherd the following data for one of its products: Direct materials standard (2 pounds per unit @ $0.53/lb.) Actual direct materials purchased Actual Direct Materials Used (AQU) Actual Price (AP) paid per pound How much is the direct materials price variance? $1.06 per finished good 38,000 pounds 24,000 pounds $0.55 A. $480 favorable B. $480 unfavorable C. $760 unfavorable D. $760 favorable

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