Staley company has a standard of 1.5 pounds of materials, Ask an Expert

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Staley Company has a standard of 1.5 pounds of materials per unit, at $4 per pound. In producing 2,000 units, Staley used 3,100 pounds of materials at a total cost of $12,090. Staley's materials price variance is:

A) $90 U.

B) $310 F.

C) $400 F.

D) $700 F.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413064

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