Answer:
Material price variance $21,600 unfavorable
Step-by-step explanation:
Material price variance
A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite
$
88, 800 feet should have cost (88, 800× $8.20) 728,160
but did cost 706,560
Material price variance 21,600 unfavorable