rks Develop Window Help Low Battery Your Mac will sleep soon unless plugged nto a power outlet Chapter 23 Flexible Budgets and Standard Costs ting- Fundamental Accounting Principles Wild, Shaw, and Chlappetta, 23e, Flexible Budgets and Standard Costs ABC Company has set the following standards for one unit of product: Direct materials: 0.5 pounds @$1.00 per pound; Direct labor: 1 hour@$10.00 per hour. The company produced 35,000 units and had the following actual costs: Direct materials: 18,000 pounds at a total cost of $17,280; Direct labor: 36,000 hours at a total cost of $374,400. Compute the materials price varlance. The correct answer is shown. Read about this $500 U $720 F $720 U 24 items left