Chow company produces cashmere sweaters. According to production standard, each sweater is expected to comsume...
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Accounting
Chow company produces cashmere sweaters. According to production standard, each sweater is expected to comsume 2 pounds of cashmere. the standard price of cashmere is $4 per pound. Last week 2,550 pounds of cashmere were purchased at a total of $12,750 amd 3,075 pounds were used to make 1,250 sweaters. Determine the direct material purchase price variance.
A. $450 U
B. $2550 F
C. $450 F
D. None of these
E. $2,550 U
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