The standard materials cost to produce 1 unit of Product R is 6 pounds of...
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Accounting
The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the total direct materials cost variance?
Multiple Choice
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$51,000 favorable.
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$51,000 unfavorable.
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$3,000 favorable.
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$3,000 unfavorable.
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$48,000 unfavorable.
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