Majer Corporation Makes a Product with the Following Standard Costs

Multiple Choice

Majer Corporation makes a product with the following standard costs: The company reported the following results concerning this product in February.
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for February is:

A) $3,136 Favorable
B) $3,260 Favorable
C) $3,136 Unfavorable
D) $3,260 Unfavorable