Multiple Choice
Glue For All has developed the following material standard to produce one container of Glue-It: 96 ounces of Chemical A at $0.15 per ounce.Glue For All planned to produce 2,000 containers of Glue-It during July.The company purchased 1,500 gallons (192,000 ounces) of Chemical A at a cost of $0.14 per ounce in July.The company used 1,480 gallons to produce 1,950 containers of Glue-It.How much is the material price variance?
A) $1,920 favorable
B) $1,894 favorable
C) $336 unfavorable
D) $1,584 unfavorable
Correct Answer:
Verified
Correct Answer:
Verified
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