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The standard materials cost to produce 1 unit of Product R is 9 pounds of...

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Question

Accounting

The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $70 per pound. In manufacturing 7,400 units, 64,000 pounds of material were used at a cost of $72 per pound. What is the direct materials price variance?

Multiple Choice

$128,000 unfavorable.

$128,000 favorable.

$182,000 unfavorable.

$182,000 favorable.

$54,000 favorable.

Answer & Explanation Solved by verified expert
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