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Seeders Co. makes organic seed packets for the gardener market. The standard material is 0.76...

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Accounting

Seeders Co. makes organic seed packets for the gardener market. The standard material is 0.76 ounces per seed packet at a cost of $0.76 per ounce. Johnson Co. budgeted to make 65,000 seed packets but due to high demand, they ended up making 71,000 packets. They paid $42,000 for 60,000 ounces of seed and used all in production during the period. What is their material cost variance for this period? Enter a favorable variance is a positive number and an unfavorable variance as a negative number.

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