Willow Inc. has provided the following information: Standards: Direct materials Direct labor Variable overhead Fixed overhead Total Budgeted production = 7,200 units Actual results Materials Direct labor Variable overhead Fixed overhead Units produced 10 lbs @ $2.80/lb 2 hours @ $16.50/hour 2 hours @ $10/hour 75,000 lbs 14,050 actual hours. Price Variance 7,300 units > Answer is complete but not entirely correct. S 1,583 X Favorable Per unit $28.00 33.00 20.00 15.00 $ 96.00 a. Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).) $208,395 $225,440 $146,960 $105,430 Return to