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Precision Inc.s standard cost per unit, based on a budgeted level of production of 400...

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Accounting

Precision Inc.s standard cost per unit, based on a budgeted level of production of 400 units, is as follows: Raw materials (200 pounds @ 30 cents per pound) $60.00 Direct labor (3 hours @ $15.00 per hour) 45.00 The actual results for the 380 units produced were as follows: Raw materials cost for 76,300 pounds used $25,942 Direct labor cost for 1,200 hours worked 16,200 Raw material price variance is

a. $2,905 U.

b. $3,052 U.

c. $3,075 U.

d. $3,052 F.

e. $3,075 F.

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