Question: The following company information is available for January: Direct materials used..................2,300 feet @$50 per foot Standard costs for direct materials for January production ...2,400 feet

The following company information is available for January:

Direct materials used..................2,300 feet @$50 per foot

Standard costs for direct materials for January production ...2,400 feet @ $48 per foot

The direct material price variance is:

a. $7,600 unfavorable.

b. $6,350 favorable.

c. $4,600 unfavorable.

d. $4,700 favorable.

e. $4,350 favorable.

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