The standard costs and actual costs for direct materials for the manufacture of 2,800 actual units of product are Standard Costs Direct materials (per completed unit) 1,040 kilograms @$8.82 Actual Costs Direct materials 2,800 kilograms @ $8.40 Round your final answer to the nearest dollar. The amount of direct materials price variance is a.$437 unfavorable b.$1,176 unfavorable c.$1,176 favorable d.$437 favorable

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter23: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 7E: H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup...
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The standard costs and actual costs for direct materials for the manufacture of 2,800 actual units of product are

Standard Costs
Direct materials (per completed unit) 1,040 kilograms @$8.82

Actual Costs
Direct materials 2,800 kilograms @ $8.40

Round your final answer to the nearest dollar.

The amount of direct materials price variance is

a.$437 unfavorable
b.$1,176 unfavorable
c.$1,176 favorable
d.$437 favorable
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