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Determine Elia direct Material Price variance

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Question - Elia Ltd has set the following direct material standards per unit of product: 2.5 kg @ $3.00 per kg. During April, actual direct material purchased and used amounted to 8000 kg at a total cost of $24,800. Actual production amounted to 3000 units. Determine Elia's direct Material Price variance.

a) $750(U)

b) $800(U)

c) $700(U)

d) $1,500(U)

Reference no: EM132757689

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