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Gipple Corporation makes a product that uses a material with the quantity standard of 7.3...

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Accounting

Gipple Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of $6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at $6.10 per gram.The materials price variance for January is:

Group of answer choices

$2,740 F

$2,482 U

$2,740 U

$2,482 F

Answer & Explanation Solved by verified expert
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