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Information concerning Johnston Co.'s direct materials costs is as follows: 4 01:35:37 Standard price per...

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Accounting

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Information concerning Johnston Co.'s direct materials costs is as follows: 4 01:35:37 Standard price per pound Actual quantity purchased Actual quantity used in production Units of product manufactured Materials purchase-price variance - favorable Budget data for the period: Units to manufacture Units of direct materials $ 7.85 3, 400 pounds 3, 300 pounds 840 $ 995 1, 140 4, 560 pounds The direct materials usage variance for the period, rounded to two decimal places, is: Multiple Choice O $471.00 unfavorable. $416.00 unfavorable. O $471.00 favorable. $416.00 favorable. O $681.00 favorable

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