Goldbury Corp. planned to use 1 yard of plastic per unit budgeted at $81 a...
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Accounting
Goldbury Corp. planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually costed $80 per yard. The company used 2,900 yards and produced 2,960 units. How much is the materials price variance?
Group of answer choices
$7,760 Favorable
$4,860 Unfavorable
$2,900 Favorable
$7,760 Unfavorable
$4,860 Favorable
$2,900 Unfavorable
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