Question

Fitness Bands Corporation gathered the following information: Standard Total Cost Actual Total Cost Direct materials ​Standard: 2,400 pints at $ 3.50​/pint $8,400 ​Actual: 2,600 pints at $ 6.00​/pint $15,600 What is the direct materials price​ variance?A. $2,500 unfavorable B. $1,750 unfavorable C. $1,750 favorable D. $2,500 favorable

Answer 1

Nono of the answer is correct.

Step-by-step explanation:

Giving the following information:

Standard Cost: 2,400 pints at $ 3.50​/pint $8,400 ​

Actual: 2,600 pints at $ 6.00​/pint $15,600

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (3.5 - 6)*2,600= 6,500 unfavorable