The actual cost of direct materials is $55.75 per pound. The standard cost per pound is $60.50. During the current period, 6,100 pounds were used in production. The standard quantity for actual units produced is 5,700 pounds. How much is the direct materials price variance? A. $27,075 unfavorable B. $28,975 unfavorable C. $28,975 favorable D. $27,075 favorable
The actual cost of direct materials is $55.75 per pound. The standard cost per pound is $60.50. During the current period, 6,100 pounds were used in production. The standard quantity for actual units produced is 5,700 pounds. How much is the direct materials price variance? A. $27,075 unfavorable B. $28,975 unfavorable C. $28,975 favorable D. $27,075 favorable
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 1BE: Direct materials variances Bellingham Company produces a product that requires 2.5 standard pounds...
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![The actual cost of direct materials is $55.75 per pound. The standard cost per
pound is $60.50. During the current period, 6,100 pounds were used in production.
The standard quantity for actual units produced is 5,700 pounds.
How much is the direct materials price variance?
A. $27,075 unfavorable
B. $28,975 unfavorable
C. $28,975 favorable
D. $27,075 favorable](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45df3123-a70f-4e1d-a150-f7083864e166%2F6551689a-23bb-4146-9e74-5aa0f42fe4f2%2Fnaw83ba_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The actual cost of direct materials is $55.75 per pound. The standard cost per
pound is $60.50. During the current period, 6,100 pounds were used in production.
The standard quantity for actual units produced is 5,700 pounds.
How much is the direct materials price variance?
A. $27,075 unfavorable
B. $28,975 unfavorable
C. $28,975 favorable
D. $27,075 favorable
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