Multiple Choice
Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $66,100 for 2,475 pounds, which it used to produce 2,350 units. What is the direct materials price variance?
A) $1,750 unfavorable
B) $1,300 favorable
C) $6,300 unfavorable
D) $5,000 unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
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