Question: Select the correct statement from the following, assuming Carmichael Company had a favorable direct materials price variance of $ 1 , 8 0 0 and

Select the correct statement from the following, assuming Carmichael Company had a favorable direct materials price variance of $1,800 and an unfavorable direct materials usage variance of $1,300.
Multiple Choice
The total direct materials variance is $500 favorable.
The total direct materials variance is $500 unfavorable.
The total direct materials variance is $3,100 favorable.
The total direct materials variance is $3,100 unfavorable.

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