Adler Industries uses a standard cost system in which direct material is carried at standard...
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Adler Industries uses a standard cost system in which direct material is carried at standard cost. Adler has established the following standards for one unit of product: standard quantity of pounds, standard price $ per pound. During January, Adler purchased pounds of direct material at a cost of $ and used pounds in production of units. Calculate the direct materials price variance and indicate whether the variance is favorable or unfavorable. Direct materials price variance $ 
Adler Industries uses a standard cost system in which direct material is carried at standard cost. Adler has established the following standards for one unit of product: standard quantity of pounds, standard price $ per pound. During January, Adler purchased pounds of direct material at a cost of $ and used pounds in production of units.
Calculate the direct materials price variance and indicate whether the variance is favorable or unfavorable.
Direct materials price variance
$
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