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The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials (per completed unit) 1.04 kilograms @$8.75 Actual Costs Direct materials 2,500 kilograms @ $8 The amount of direct materials price variance is:

a) $1,875 unfavorable

b) $1,950 favorable

c) $1,875 favorable

d) $1,950 unfavorable

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9440842

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