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A company uses the following standard costs to produce a single unit of output. During...

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Accounting

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A company uses the following standard costs to produce a single unit of output. During the latest month, the company purchased and used 58.000 pounds of direct moterials at a price of $1.40 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $37,012 based on 4.870 direct labor hours worked. Variable manufacturing overhead costs incurred totated $16,000 and fixed manufacturing overhead incured was $16,000 Based on this information the total direct materials variance for the month was: Multeple Choice $15,200 unfavorable

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