Question 45

Devoto Inc. has provided the following data concerning one of the products in its standard cost system.

Inputs	Standard Quantity or Hours per Unit of Output	Standard Price or Rate
Direct materials	6.6 grams	$7.70 per gram

The company has reported the following actual results for the product for June:

Actual output		9,200	(units)
Raw materials purchased		64,500	(grams)
Actual cost of raw materials purchased	$	548,250
Raw materials used in production		60,710 (	grams)

The raw materials price variance for the month is closest to:

		$51,600 U
		$48,568 F
		$51,600 F
		$48,568 U